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All but one free ride when wealth effects are small

Silvestre, Joaquim - In: SERIEs - Journal of the Spanish Economic Association 3 (2012) 1/2, pp. 201-207

Quasilinear preferences on a public good and a numeraire good are limits of preferences where both goods are normal. The set of equilibria of the voluntary contribution (or private provision) game is easily characterized under quasilinearity by: top valuators aggregately contribute their common...

Persistent link: https://www.econbiz.de/10010317090

The minimum approval mechanism implements the efficient public good allocation theoretically and experimentally

Masuda, Takehito; Okano, Yoshitaka; Saijo, Tatsuyoshi - 2013

-efficient allocation in backward elimination of weakly dominated strategies (BEWDS) and is unique under plausible conditions. Contributions …

Persistent link: https://www.econbiz.de/10010332274

Zur Manipulierbarkeit der Allokation öffentlicher Güter: Theoretische Analyse und Simulationsergebnisse

Lindner, Tobias - 2011

Vorschlägen eine Budgetaufteilung (Allokation) bestimmt wird. Von besonderem Interesse ist die Frage, welche Abstimmungsregeln … nicht manipulierbar sind, das heißt für keinen Agenten einen Anreiz bieten, eine Allokation vorzuschlagen, die nicht mit … diese Verfahren als auch andere Abstimmungsregeln zur Allokation öffentlicher Güter sind, wenn man die weitaus größere …

Persistent link: https://www.econbiz.de/10011889538

The provision point mechanism with reward money

Zubrickas, Robertas - 2013

We introduce reward money into the provision point mechanism with refunds. Reward money is distributed among the contributors in proportion to their contributions only when the provision point is not reached. In environments without aggregate uncertainty, the provision point is always reached in...

Persistent link: https://www.econbiz.de/10010316819

Competitive politics, simplified heuristics, and preferences for public goods

Schläpfer, Felix; Schmitt, Marcel; Roschewitz, Anna - 2007

This paper examines the role of simplified heuristics in the formation of preferences for public goods. Political scientists have suggested that voters use simplified heuristics based on the positions of familiar parties to infer how a proposed policy will affect them and to cast a vote in line...

Persistent link: https://www.econbiz.de/10010315585

A geometric approach to mechanism design

Goeree, Jacob K.; Kushnir, Alexey - 2011

An important result in convex analysis is the duality between a closed convex set and its support function. We exploit this duality to develop a novel geometric approach to mechanism design. For a general class of social choice problems we characterize the feasible set, which is closed and...

Persistent link: https://www.econbiz.de/10010316902

Voluntary contributions 'vote out' public ones

Calveras, Aleix; Ganuza, Juan-José; Llobet, Gerard - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 3, pp. 283-303

In a relatively recent paper, Gehrig and Stenbacka (Eur Econ Rev 51, 77-99, 2007) show that information sharing increases banks' profits to the detriment of creditworthy entrepreneurs in a model of a banking duopoly with switching costs and poaching. They restrict their analysis to the case in...

Persistent link: https://www.econbiz.de/10010317121

The division problem with maximal capacity constraints

Bergantiños, Gustavo; Massó, Jordi; Neme, Alejandro - In: SERIEs - Journal of the Spanish Economic Association 3 (2012) 1/2, pp. 29-57

The division problem consists of allocating a given amount of an homogeneous and perfectly divisible good among a group of agents with singlepeaked preferences on the set of their potential shares. A rule proposes a vector of shares for each division problem. Most of the literature has...

Persistent link: https://www.econbiz.de/10010317137

The Economic Approach to Political Borders

Spolaore, Enrico - 2022

This paper overviews theoretical and empirical contributions that study political borders from an economic perspective. It reviews theories of the number and size of nations focused on the trade-off between economies of scale in public-good provision and heterogeneity of preferences over public...

Persistent link: https://www.econbiz.de/10014290075

Decentralization as unbundling of public goods provision: New effects of decentralization on efficiency and electoral control

Farfán-Vallespín, Antonio - 2012

This paper proposes a new perspective for studying decentralization by considering it as the unbundling of public goods provision. We define centralization as the bundled provision of public goods from different tiers (national, sub-national or local) by one single provider held accountable by...

Persistent link: https://www.econbiz.de/10010325133