Laurent-Lucchetti, Jérémy; Leroux, Justin - Institut d'Économie Appliquée, HEC Montréal (École … - 2007
Choosing a project for which benefits accrue to all involved agents but brings major costs or additional benefits to only one agent is often problematic. Siting a nationwide nuclear waste disposal or hosting a major sporting event are examples of such a problem: costs or benefits are tied to the...