All Sorry to Disagree: A General Principle for the Provision of Nonrival Goods.
A group of agents with identical rights but different preferences share the cost of a public good. In a situation where each agent is held responsible for his own preferences, the principle says that nobody can benefit from the difference between his and other agents' preferences: all are sorry to disagree. This axiom is incompatible with the "pay according to benefits" approach and, in particular, with Lindahl pricing methods. However, it is compatible with Foley's stand alone core constraints. The author's axiom, unlike the stand alone properties, applies to any number of public goods (or bads) and to arbitrary public decisions. Copyright 1992 by The editors of the Scandinavian Journal of Economics.
Year of publication: |
1992
|
---|---|
Authors: | Moulin, Herve |
Published in: |
Scandinavian Journal of Economics. - Wiley Blackwell, ISSN 1467-9442. - Vol. 94.1992, 1, p. 37-51
|
Publisher: |
Wiley Blackwell |
Saved in:
Saved in favorites
Similar items by person
-
Secure implementation, network cost sharing and oligopolistic price discrimination
Kumar, Rajnish, (2010)
-
Essays on strategyproofness in cooperative production
Leroux, Justin Theodore, (2005)
-
Essays in intrafamily distribution and taxation
Gugl, Elisabeth, (2004)
- More ...