Showing 1 - 10 of 961
In a large economy, a first-best provison rule for a public good is robustly implementable with budget balance because no one individual alone can affect the aggregate outcome. First-best outcomes can, however, be blocked by coalitions of agents acting in concert. With a requirement of immunity...
Persistent link: https://www.econbiz.de/10011334017
Persistent link: https://www.econbiz.de/10003550217
Persistent link: https://www.econbiz.de/10011654146
Persistent link: https://www.econbiz.de/10011777864
We study the relation between mechanism design and voting in public-good provision. If incentive mechanisms must satisfy conditions of coalition-proofness and robustness, as well as individual incentive compatibility, the participants' contributions to public-good provision can only depend on...
Persistent link: https://www.econbiz.de/10011305201
We propose a new approach to the normative analysis of public-good provision in a large economy. Our analysis is based on a mechanism design approach that involves a requirement of coalition-proofness, as well as a requirement of robustness, so that the mechanism must not depend on specific...
Persistent link: https://www.econbiz.de/10003923890
Persistent link: https://www.econbiz.de/10011656540
Persistent link: https://www.econbiz.de/10009356068
Persistent link: https://www.econbiz.de/10014535031
Persistent link: https://www.econbiz.de/10014226409