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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 demonstrate that the optimal mechanism involves bundling if a regularity condition, akin to a...
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We provide a simple proof of the equivalence between ex ante and ex post budget balance constraints in Bayesian mechanism design with independent types when participation decisions are made at the interim stage. The result is given an interpretation in terms of efficient allocation of risk.
Persistent link: https://www.econbiz.de/10005612377
This paper studies the role of bundling in the efficient provision of excludable public goods. We show that bundling in the provision of unrelated public goods can enhance social welfare. With a large number of goods and agents, first best can be approximated with pure bundling. For a parametric...
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