Britz, Volker; Gersbach, Hans - 2016 - This version: January 22, 2016
involving a sample group. These mechanisms reflect the principles of liberal democracy, are procedurally efficient, and involve … private information truthfully before voting takes place. Depending on the distance between two feasible public good levels …, the optimal mechanism involves either one or two voting rounds. We show that procedural efficiency cannot be achieved by …