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For a nonexcludable public good with benefit and cost functions independent of the number of participants, this paper studies second-best allocations under Bayesian interim incentive compatibility and interim individual rationality. As the number of participants becomes large, second-best...
Persistent link: https://www.econbiz.de/10005242613
For a nonexcludable public good with benefit and cost functions independent of the number of participants, this paper studies second-best allocations under Bayesian interim incentive compatibility and interim individual rationality. As the number of participants becomes large, second-best...
Persistent link: https://www.econbiz.de/10010638169
Persistent link: https://www.econbiz.de/10005672562
Persistent link: https://www.econbiz.de/10005672899