Maximal surplus from the pivotal mechanism: a closed form solution
AbstractThe paper derives a closed form solution for the maximal surplus generated by the pivotal mechanism in the case of a binary public good. The formula may be used to compare the pivotal mechanism to other mechanisms. An illustration is provided to demonstrate how such a comparison may be made.
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Bibliographic InfoArticle provided by Springer in its journal Review of Economic Design.
Volume (Year): 3 (1998)
Issue (Month): 4 ()
Note: Received: 30 April 1997 / Accepted: 16 June 1998
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Web page: http://link.springer.de/link/service/journals/10058/index.htm
Find related papers by JEL classification:
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
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