Conferences at Department of Economics, University of Toronto, Canadian Economic Theory Conference 2015

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Continuous Cardinal Incentive Compatible Mechanisms are Ordinal

Dipjyoti Majumdar*, Lars Ehlers, Debasis Mishra, Arunava Sen

Date: 2015-05-09 8:30 am – 9:00 am
Last modified: 2015-05-04

Abstract


We show that every cardinal incentive compatible voting mechanism satisfying a mild continuity condition, must be ordinal. Our results apply to many standard models in mechanism design without transfers, including the standard voting models with any domain restrictions.

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