Manipulation of preferences and relative utilitarianism

Authors
Citation
J. Sobel, Manipulation of preferences and relative utilitarianism, GAME ECON B, 37(1), 2001, pp. 196-215
Citations number
20
Categorie Soggetti
Economics
Journal title
GAMES AND ECONOMIC BEHAVIOR
ISSN journal
08998256 → ACNP
Volume
37
Issue
1
Year of publication
2001
Pages
196 - 215
Database
ISI
SICI code
0899-8256(200110)37:1<196:MOPARU>2.0.ZU;2-5
Abstract
Given n agents with who wish to divide in commodities, consider the n-perso n noncooperative game with strategies consisting of concave increasing util ity functions, and whose outcomes are the relative utilitarian solution. An y constrained equal-income competitive equilibrium allocation for the true utilities is shown to ba a Nash equilibrium outcome for the noncooperative game. Conditions are presented under which these are the only pure strategy equilibrium outcomes, (C) 2001 Academic Press.