Page, Scott E.; Tassier, Troy - In: Journal of Public Economic Theory 6 (2004) 2, pp. 311-335
In their seminal paper Groves and Ledyard (1976) construct a balanced incentive compatible mechanism that solves the free rider problem. In subsequent research, Bergstrom, Simon, and Titus (1983) prove that there exist numerous asymmetric equilibria in addition to the symmetric equilibrium. In...