
handle: 10419/150097 , 1807/10107
Strategy-proofness, requiring that truth-telling be a dominant strategy, is a standard concept in social choice theory. However, this concept has serious drawbacks. In particular, many strategy-proof mechanisms have multiple Nash equilibria, some of which produce the wrong outcome. A possible solution to this problem is to require double implementation in Nash equilibrium and in dominant strategies, i.e., secure implementation. We characterize securely implementable social choice functions and investigate the connections with dominant strategy implementation and robust implementation. We show that in standard quasi-linear environments with divisible private or public goods, there exist surplus-maximizing (non-dictatorial) social choice functions that can be securely implemented.
ddc:330, Nash implementation, robust implementation, 005, secure implementation, strategy-proofness, D71, C92, D78, H41, Nash implementation, robust implementation, secure implementation, strategy-proofness, jel: jel:C92, jel: jel:D71, jel: jel:D78, jel: jel:H41
ddc:330, Nash implementation, robust implementation, 005, secure implementation, strategy-proofness, D71, C92, D78, H41, Nash implementation, robust implementation, secure implementation, strategy-proofness, jel: jel:C92, jel: jel:D71, jel: jel:D78, jel: jel:H41
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 0 | |
| popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Average | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Average | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Average |
