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Serial cost sharing of excludable public goods: general cost functions

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  • James A. Dearden

    (Department of Economics, 621 Taylor Street, Lehigh University, Bethlehem, PA 18015, USA)

Abstract

A group of individuals meet to share the cost and determine output allocations of a partial-excludable public good. We demonstrate that, for general cost functions and preferences that satisfy the Spence-Mirlees sorting condition, the serial cost-sharing formula (Moulin, 1994) has remarkable incentive properties. First, a direct economic mechanism that uses the serial formula is coalition strategy-proof, envy-free and satisfies the stand-alone property. Second, the serial mechanism involves partial exclusion, which is important for the reduction of the free-rider problem.

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Bibliographic Info

Article provided by Springer in its journal Economic Theory.

Volume (Year): 12 (1998)
Issue (Month): 1 ()
Pages: 189-198

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Handle: RePEc:spr:joecth:v:12:y:1998:i:1:p:189-198

Note: Received: June 10, 1996; revised version; February 11, 1997
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Cited by:
  1. Maniquet, François, 2010. "Sharing the cost of a public good: an incentive-constrained axiomatic approach," Open Access publications from Université catholique de Louvain info:hdl:2078.1/29162, Université catholique de Louvain.
  2. Norman,P., 2000. "Efficient mechanisms for public goods with use exclusions," Working papers 15, Wisconsin Madison - Social Systems.

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