Public Goods Provision: On Generalizing the Jackson-Moulin Mechanism
Jackson and Moulin (1992) proposed a simple mechanism to implement a wide class of cost-sharing rules for the provision of a binary public good. Bag (1997) generalized this mechanism to divisible public goods under the assumption of "constant marginal benefit." This paper generalizes the Jackson-Moulin mechanism to a broader setting, including the cases of both decreasing and constant marginal benefit. Moreover, this paper shows the impossibility of generalizing the mechanism further. Copyright 2006 Blackwell Publishing Inc..
Year of publication: |
2006
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Authors: | YU, YAN |
Published in: |
Journal of Public Economic Theory. - Association for Public Economic Theory - APET, ISSN 1097-3923. - Vol. 8.2006, 1, p. 49-60
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Publisher: |
Association for Public Economic Theory - APET |
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