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This paper characterizes interim efficient mechanisms for public good production and cost allocation in a two-type environment with risk-neutral, quasi-linear preferences and fixed-size projects, where the distribution of the private good, as well as the public goods decision, affects social...
Persistent link: https://www.econbiz.de/10005242629
This paper identifies several social-choice correspondences which are or are not fully implementable in economic environments when agents are incompletely informed about the environment. The authors show that in contrast to results in the case of complete information, neither efficient...
Persistent link: https://www.econbiz.de/10005251110
Persistent link: https://www.econbiz.de/10005161435
Persistent link: https://www.econbiz.de/10005167864
An experiment was conducted to test whether discounted repeated play leads to greater cooperation and coordination than one-shot play in a public good environment with incomplete information. The design varied a number of environmental parameters, including the size of the group, and the...
Persistent link: https://www.econbiz.de/10005672603
Administrative and political reorganization is being actively debated even in the mature, stable economies of Western Europe. This paper investigates the possibility that such a reorganization is tied to the integration of economic markets. The paper describes a model where heterogeneous...
Persistent link: https://www.econbiz.de/10005312826