Dutta, Bhaskar, Peters, Hans, Dr. and Sen, Arunava. (2007) Strategy-proof cardinal decision schemes. Social Choice and Welfare, Vol.28 (No.1). pp. 163-179. ISSN 0176-1714

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Abstract

This paper analyses strategy-proof mechanisms or decision schemes which map profiles of cardinal utility functions to lotteries over a finite set of outcomes. We provide a new proof of Hylland's theorem which shows that the only strategy-proof cardinal decision scheme satisfying a weak unanimity property is the random dictatorship. Our proof technique assumes a framework where individuals can discern utility differences only if the difference is at least some fixed number which we call the grid size. We also prove a limit random dictatorship result which shows that any sequence of strategy-proof and unanimous decision schemes defined on a sequence of decreasing grid sizes approaching zero must converge to a random dictatorship.

Item Type:	Journal Article
Subjects:	H Social Sciences > HB Economic Theory Q Science > QA Mathematics
Divisions:	Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH):	Utility theory -- Mathematical models, Decision making -- Mathematical models, Probabilities
Journal or Publication Title:	Social Choice and Welfare
Publisher:	Springer
ISSN:	0176-1714
Date:	January 2007
Volume:	Vol.28
Number:	No.1
Number of Pages:	17
Page Range:	pp. 163-179
Identification Number:	10.1007/s00355-006-0152-9
Status:	Peer Reviewed
Publication Status:	Published
Version or Related Resource:	Dutta, B., Peters, H. and Sen, A. (2008). Erratum : Strategy-proof cardinal decision schemes. Social Choice and Welfare, 30(4), pp. 701-702. http://wrap.warwick.ac.uk/id/eprint/30352. ; Dutta, B., Peters, H. and Sen, A. (2005). Strategy-proof cardinal decision schemes. [Coventry] : University of Warwick, Economics Department. (Warwick economic research papers, no.722). http://wrap.warwick.ac.uk/id/eprint/1469
Related URLs:	Related item in WRAP Related item in WRAP
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URI:	http://wrap.warwick.ac.uk/id/eprint/32516

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