← Search

The Manipulability of Resource Allocation Mechanisms

William Thomson1,2

1 Harvard University · 2 University of Minnesota

Review of Economic Studies 1984

The vulnerability to manipulate behaviour of resource allocation mechanisms is evaluated by determining the Nash equilibria of associated manipulation games. Under manipulation, all monotonic correspondences are essentially equivalent to the Walrasian correspondence. For most non-monotonic correspondences of interest, the initial position appears at equilibrium to be efficient.

DOI
10.2307/2297433
Volume
51 (3)
Pages
447
Export
BibTeX
Sources
openalex crossref