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Incomplete Contracting and Price Regulation

Bös, Dieter - 2000

licensee. The paper develops a sequential regulatory mechanism which implements the first best. However, this may require …

Persistent link: https://www.econbiz.de/10014179289

Government Versus Private Ownership of Public Goods : The Role of Bargaining Frictions

Schmitz, Patrick W. - 2019

The government and a non-governmental organization (NGO) can invest in the provision of a public good. Who should be the owner of the public project? In an incomplete contracting model in which ex post negotiations are without frictions, the party that values the public good most should be the...

Persistent link: https://www.econbiz.de/10012891815

Efficiency, welfare, and political competition

Bierbrauer, Felix; Boyer, Pierre C. - 2014

We study political competition in an environment in which voters have private information about their preferences. Our framework covers models of income taxation, public-goods provision or publicly provided private goods. Politicians are vote-share-maximizers. They can propose any policy that is...

Persistent link: https://www.econbiz.de/10010358277

Common agency and public good provision under asymmetric information

Martimort, David; Moreira, Humberto - In: Theoretical economics : TE ; an open access journal in … 5 (2010) 2, pp. 159-213

The provision of public goods under asymmetric information has most often been viewed as a mechanism design problem …

Persistent link: https://www.econbiz.de/10011698562

Utilitarian mechanism design for an excludable public good

Hellwig, Martin - 2009

This paper studies the design of optimal utilitarian mechanisms for an excludable public good. Excludability provides a basis for making people pay for admissions; the payments can be used for redistribution and/or funding. Whereas previous work assumed that admissions are governed by the...

Persistent link: https://www.econbiz.de/10003862320

All or Nothing: State Capacity and Optimal Public Goods Provision

Bierbrauer, Felix; Winkelmann, Justus - 2018

.e. resources to pay for all the public goods in the bundle. The analysis focuses on the all-or-nothing-mechanism: Expand provision … all-outcome converges to one as the capacity becomes unbounded. We also provide conditions under which the all-or-nothing-mechanism …

Persistent link: https://www.econbiz.de/10011931988

Optimal Income Taxation and Public-Goods Provision with Preference and Productivity Shocks

Bierbrauer, Felix - Max-Planck-Institut zur Erforschung von … - 2010

shocks. A conventional Mirrleesian treatment is shown to provoke manipulations of the policy mechanism by individuals with …

Persistent link: https://www.econbiz.de/10008462293

The Provision of a Public Good with a direct Provision Technology and Large Number of Agents

Behringer, Stefan - 2005

This paper provides a limit result for the provision of a public good in a mechanism design framework as the number of …

Persistent link: https://www.econbiz.de/10005455480

The conditional contribution mechanism for repeated public goods: The general case

Oechssler, Joerg; Reischmann, Andreas; Sofianos, Andis - 2019

We present a new and simple mechanism for repeated public good environments. In the Conditional Contribution Mechanism … contributed." This mechanism offers agents risk-free strategies, which we call unexploitable. We prove that if agents choose … Contribution Mechanism show that the CCM leads to significantly higher contribution rates. Even under incomplete information …

Persistent link: https://www.econbiz.de/10012109314

An Incomplete Contract Perspective on Public Good Provision

Martimort, David - 2016

This paper surveys what can be learned from recent advances in the incomplete contract literature to understand how public goods are or should be provided. The paper starts with a section on the full information case that presents and discusses the classical Samuelson condition on the optimal...

Persistent link: https://www.econbiz.de/10012747610