Showing 1 - 10 of 115
This paper studies the application of the notion of secure implementation (Cason, Saijo, Sjöström, and Yamato, 2006; Saijo, Sjöström, and Yamato, 2007) to the problem of allocating indivisible objects with monetary transfers. We propose a new domain-richness condition, termed as minimal...
Persistent link: https://www.econbiz.de/10010332239
We consider the problem of choosing a level of a public good on an interval of the real line among a group of agents. A probabilistic rule chooses a probability distribution over the interval for each preference profile. We investigate strategy-proof probabilistic rules in the case where...
Persistent link: https://www.econbiz.de/10010332449
The characteristics of endogenously determined sharing rules and the group-size paradox are studied in a model of group contest with the following features: (i) The prize has mixed privatepublic good characteristics. (ii) Groups can differ in marginal cost of effort and their membership size....
Persistent link: https://www.econbiz.de/10010335975
Die vorliegende Arbeit untersucht die Aufteilung eines Budgets auf mehrere öffentliche Güter mittels einer Abstimmung. Hierzu betrachten wir Abstimmungsregeln, unter denen jeder Agent eine Budgetaufteilung vorschlägt und dann aus diesen Vorschlägen eine Budgetaufteilung (Allokation) bestimmt...
Persistent link: https://www.econbiz.de/10011889538
We study fiscal spending by supranational unions, where participation is voluntary and countries bargain over contributions to and the allocation of a central budget. We establish and explore the link between the budget's allocation and nations' contributions that occurs since bargaining power...
Persistent link: https://www.econbiz.de/10013370100
A collective decision problem is described by a set of agents, a profile of single-peaked preferences over the real line and a number k of public facilities to be located. We consider public facilities that do not suffer from congestion and are non-excludable. We provide a characterization of...
Persistent link: https://www.econbiz.de/10010316052
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
Development of human societies requires cooperation among unrelated individuals and obedience to social norms. Although punishment is widely agreed to be potentially useful in fostering cooperation, many recent results in psychology and economics highlight punishments' failures in this regard....
Persistent link: https://www.econbiz.de/10003278956
This paper extends the model of optimal income taxation due to Mirrlees (1971) and includes private information on public goods preferences. A mechanism design approach is used to establish the following result: If policies are required to be robustly implementable in the sense of Bergemann and...
Persistent link: https://www.econbiz.de/10003861828
We study a large economy model in which individuals have private information about their productive abilities and their preferences for public goods. A mechanism design approach is used to characterize implementable tax and expenditure policies. A robustness requirement in the sense of Bergemann...
Persistent link: https://www.econbiz.de/10003861900