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Efficient Mechanisms for Public Goods with Use Exclusions

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  • Peter Norman

Abstract

Constrained efficient provision of an excludable public good is studied in amodel where preferences are private information. The provision level isasymptotically deterministic, making it possible to approximate the optimalmechanism with a mechanism that provides a fixed quantity of the goodand charges fixed user fees for access. In general, the fixed fees involvethird degree price discrimination, but, if names are uninformative aboutpreferences, the analysis provides a justification for average cost pricing. Copyright The Review of Economic Studies Limited, 2004.

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Article provided by Wiley Blackwell in its journal Review of Economic Studies.

Volume (Year): 71 (2004)
Issue (Month): 4 (October)
Pages: 1163-1188

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Handle: RePEc:bla:restud:v:71:y:2004:i:4:p:1163-1188

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  1. Peter Cramton & Robert Gibbons & Paul Klemperer, 1985. "Dissolving a Partnership Efficiently," Working papers 406, Massachusetts Institute of Technology (MIT), Department of Economics.
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  18. d'ASPREMONT, Claude & GERARD-VARET, Louis-André, . "Incentives and incomplete information," CORE Discussion Papers RP -354, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  19. Cornelli, Francesca, 1996. "Optimal Selling Procedures with Fixed Costs," Journal of Economic Theory, Elsevier, vol. 71(1), pages 1-30, October.
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