Simple subscription mechanisms for excludable public goods

Bag, P.K. and Winter, E. (1999) Simple subscription mechanisms for excludable public goods. Journal of Economic Theory, 87 (1). pp. 72-94. ISSN 0022-0531

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For excludable public goods, we propose simple mechanisms to uniquely implement a (core) stable and efficient production and cost-sharing outcome: consumers are asked to announce sequentially their minimal requested level of public good and a subscription towards its production. In one mechanism the subscriptions depend on the order of moves. In a second mechanism, the subscriptions are order-independent and thus symmetric. The equilibrium outcomes induced by our mechanisms are immune to strategic deviations by coalitions. Journal of Economic Literature Classification Numbers: H41, C72, D78. © 1999 Academic Press.

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Journal of Economic Theory
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14 Aug 2018 13:04
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