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We consider the problem of choosing an allocation in an economy in which there is one private good and one public good. Our purpose is to identify the class of procedures of choosing an allocation which satisfies "strategy-proofness," "individual rationality," "no exploitation" and...
Persistent link: https://www.econbiz.de/10005370965
We consider the problem of choosing an allocation in an economy in which there are one private good and one public good. Our purpose is to identify the class of procedures of choosing an allocation which satisfy "strategy-proofness," "individual rationality", "no exploitation" and...
Persistent link: https://www.econbiz.de/10005371110
Persistent link: https://www.econbiz.de/10005753270
Persistent link: https://www.econbiz.de/10005596619
This note is to inform about a mistake in my paper (Serizawa, 1996). In that paper, I characterized strategy-proof, individually rational, budget-balancing, non-exploitative and non-bossy social choice functions for economies with one public good and one private good. I established as Theorem 3...
Persistent link: https://www.econbiz.de/10005596706