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An impossibility result for virtual implementation with status quo

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  • Artemov, Georgy
Abstract
In this paper, virtual implementation is restricted to deliver, on the equilibrium path, either a socially optimal outcome or a status quo: an outcome fixed for all preference profiles. Under such a restriction, for any unanimous and implementable social choice function there is a dictator, who obtains her most preferable outcome as long as all agents prefer this outcome to the status quo. Further restrictions on the lottery space and the range of social choice functions allow the dictator to impose her most preferred outcome even when other agents prefer the status quo to this outcome.

Suggested Citation

  • Artemov, Georgy, 2014. "An impossibility result for virtual implementation with status quo," Economics Letters, Elsevier, vol. 122(3), pages 380-385.
    • Handle: RePEc:eee:ecolet:v:122:y:2014:i:3:p:380-385
    DOI: 10.1016/j.econlet.2013.12.015
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    References listed on IDEAS

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    More about this item

    Keywords

    Virtual implementation; Social choice rules; Dictatorial rules; Admissible support;
    All these keywords.

    JEL classification:

    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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