Efficient mechanisms for public goods with use exclusions
AbstractConstrained 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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Bibliographic InfoPaper provided by Wisconsin Madison - Social Systems in its series Working papers with number 15.
Date of creation: 2000
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Postal: UNIVERSITY OF WISCONSIN MADISON, SOCIAL SYSTEMS RESEARCH INSTITUTE(S.S.R.I.), MADISON WISCONSIN 53706 U.S.A.
Other versions of this item:
- Peter Norman, 2004. "Efficient Mechanisms for Public Goods with Use Exclusions," Review of Economic Studies, Wiley Blackwell, vol. 71(4), pages 1163-1188, October.
- NEP-ALL-2000-10-11 (All new papers)
- NEP-PBE-2000-10-11 (Public Economics)
- NEP-POL-2000-10-11 (Positive Political Economics)
- NEP-PUB-2000-10-11 (Public Finance)
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