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Maximal surplus from the pivotal mechanism: a closed form solution

Deb, Rajat; Seo, Tae Kun - In: Review of Economic Design 3 (1998) 4, pp. 347-357

The paper derives a closed form solution for the maximal surplus generated by the pivotal mechanism in the case of a binary public good. The formula may be used to compare the pivotal mechanism to other mechanisms. An illustration is provided to demonstrate how such a comparison may be made.

Persistent link: https://www.econbiz.de/10005370613

The conservative equal costs rule, the serial cost sharing rule and the pivotal mechanism: asymptotic welfare loss comparisons for the case of an excludable public project

Deb, Rajat; Razzolini, Laura; Seo, Tae - In: Review of Economic Design 10 (2006) 3, pp. 205-232

Persistent link: https://www.econbiz.de/10005596598