Strategy-Proof and Individually Rational Social Choice Functions for Public Good Economies
AbstractWe consider the problem of choosing an allocation in an economy in which there is one private good and one public good. Our purpose is to identify the class of procedures of choosing an allocation which satisfies "strategy-proofness," "individual rationality," "no exploitation" and "nonbossiness." Any such procedure is a scheme of "semiconvex cost sharing" determined by the "minimum demand principle."
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Bibliographic InfoArticle provided by Springer in its journal Economic Theory.
Volume (Year): 7 (1996)
Issue (Month): 3 (April)
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Web page: http://link.springer.de/link/service/journals/00199/index.htm
Other versions of this item:
- Shigehiro Serizawa, 1996. "Strategy-proof and individually rational social choice functions for public good economies (*)," Economic Theory, Springer, vol. 7(3), pages 501-512.
- Shigehiro Serizawa, 1997. "Strategy-proof and individually rational social choice functions for public good economies," Economic Theory, Springer, vol. 9(2), pages 379-380.
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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