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In the first chapter, Legislative Bargaining and Coalition Formation, I analyze a widely used model of endogenous policy determination. The main question is if the stationary equilibrium, a popular equilibrium selection in applied work, can be rationalized as approximating the unique backwards...
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This paper studies the optimal provision mechanism for multiple excludable public goods when agents\' valuations are private information. For a parametric class of problems with binary valuations, we characterize the optimal mechanism, and show that it involves bundling. Bundling alleviates the...
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Public provision of a private goods is justified on efficiency grounds in a model with no redistributive preferences. A government’s involvement in the provision of a private good generates information about preferences that facilitates more efficient revenue extraction for the provision of...
Persistent link: https://www.econbiz.de/10010793944
This paper shows that public provision of private goods may be justified on pure efficiency grounds in an environment where individuals consume both public and private goods. The government's involvement in the provision of private goods provides it with information about individuals' private...
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