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The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10010266972
also makes participation constraints desirable. -- Public goods ; Mechanism Design ; Incomplete Contracts ; Regulation …
Persistent link: https://www.econbiz.de/10003862350
also makes participation constraints desirable. -- public goods ; mechanism design ; incomplete contracts ; regulations …
Persistent link: https://www.econbiz.de/10003850517
benevolent mechanism designer, participation constraints are never desirable. -- Mechanism Design ; Incomplete Contracts ; Public …
Persistent link: https://www.econbiz.de/10003923885
also makes participation constraints desirable. -- Public goods ; Mechanism Design ; Incomplete Contracts ; Regulation …
Persistent link: https://www.econbiz.de/10008824513
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10013153426
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10013158910
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10014206971
We study whether a firm that produces and sells access to an excludable public good should face a self-financing requirement, or, alternatively, receive subsidies that help to cover the cost of public-goods provision. The main result is that the desirability of a self-financing requirement is...
Persistent link: https://www.econbiz.de/10014199331
resulting mechanism resembles a menu of patents that have infinite duration and fixed scope, where the latter increases in the …
Persistent link: https://www.econbiz.de/10014137343