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Optimal income taxation and public goods provision in a large economy with aggregate uncertainty
Bierbrauer, Felix - 2009
priori unknown. The analysis is based on a mechanism design approach that imposes a requirement of robustness with respect to …
Persistent link: https://www.econbiz.de/10010266057
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All or Nothing: State Capacity and Optimal Public Goods Provision
Bierbrauer, Felix; Winkelmann, Justus - 2018
.e. resources to pay for all the public goods in the bundle. The analysis focuses on the all-or-nothing-mechanism: Expand provision … all-outcome converges to one as the capacity becomes unbounded. We also provide conditions under which the all-or-nothing-mechanism …
Persistent link: https://www.econbiz.de/10011931988
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Strategic Complementarities in a Model of Commercial Media Bias
Kerkhof, Anna; Münster, Johannes - 2023
Media content is an important privately supplied public good. While it has been shown that contributions to a public good crowd out other contributions in many cases, the issue has not been thoroughly studied for media markets yet. We show that in a standard model of commercial media bias,...
Persistent link: https://www.econbiz.de/10014469329
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Equity as a prerequisite for stable cooperation in a public-good economy: The core revisited
Buchholz, Wolfgang; Peters, Wolfgang - 2010
In this paper we explore the relationship between an equitable distribution of the cost shares in public-good provision on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous distribution of cost shares that motivates some coalition...
Persistent link: https://www.econbiz.de/10010270530
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Volunteering and the strategic value of ignorance
Morath, Florian - 2011
Private provision of public goods often takes place as a war of attrition: individuals wait until someone else volunteers and provides the good. After a certain time period, however, one individual may be randomly selected. If the individuals are uncertain about their cost of provision, but can...
Persistent link: https://www.econbiz.de/10010274941
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Think global, act local! A mechanism for global commons and mobile firms
Ahlvik, Lassi; Liski, Matti - 2019
It is tricky to design local regulations on global externalities, especially so if firms are mobile. We show that when … costs and outside options are firms’ private information, the threat of firm relocation leads to local regulations that are … to firms that can efficiently limit the externality. The optimal mechanism supplements this strict local regulation with …
Persistent link: https://www.econbiz.de/10012018288
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Efficiency, Welfare, and Political Competition
Bierbrauer, Felix; Boyer, Pierre C. - 2014
We study political competition in an environment in which voters have private information about their preferences. Our framework covers models of income taxation, public-goods provision or publicly provided private goods. Politicians are vote-share-maximizers. They can propose any policy that is...
Persistent link: https://www.econbiz.de/10010398540
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Government outsourcing: public contracting with private monopoly
Auriol, Emmanuelle; Picard, Pierre M. - 2006
The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation. The government maximizes total surplus but incurs some cost of public funds. An alternative to regulation is proposed in which firms are free to enter the market and to choose...
Persistent link: https://www.econbiz.de/10010263923
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Regulatory risk under optimal incentive regulation
Strausz, Roland - 2009
The paper provides a tractable, analytical framework to study regulatory risk. Regulatory risk is captured by uncertainty about the policy variables in the regulator's objective function: weights attached to profits and costs of public funds. Results are as follows: 1) The regulator's reaction...
Persistent link: https://www.econbiz.de/10010276836
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Learning abatement costs: On the dynamics of optimal regulation of experience goods
Hintermann, Beat; Lange, Andreas - 2012
We study the introduction of new technologies when their costs are subject to idiosyncratic uncertainty and can only be fully learned through individual experience. We set up a dynamic model of clean experience goods that replace old polluting consumption options and show how optimal regulation...
Persistent link: https://www.econbiz.de/10010291530