Government and the provision of public goods: from equilibrium models to mechanism design
AbstractFocussing on their analysis of the optimal public goods provision problems, this paper follows the parallel development of equilibrium models and mechanism design after the accommodation of Samuelson's definition of collective goods to the general equilibrium framework. Both paradigms lead to the negative conclusion of the impossibility of a fully decentralized optimal public goods provision throught market or market-like institutions.
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Bibliographic InfoPaper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number halshs-00531464.
Date of creation: Oct 2010
Date of revision:
Publication status: Published, European Journal of the History of Economic Thought, 2010, 17, 4, 1047-1077
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general equilibrium; Lindahl-Foley equilibrium; Wicksell-Foley public competitive equilibrium; private provision equilibrium; mechanism design; free-rider problem; incentive compatibility; principal-agent models;
Other versions of this item:
- Monique Florenzano, 2010. "Government and the provision of public goods:from equilibrium models to mechanismdesign," The European Journal of the History of Economic Thought, Taylor & Francis Journals, Taylor & Francis Journals, vol. 17(4), pages 1047-1077.
- Monique Florenzano, 2010. "Government and the provision of public goods : from equilibrium models to mechanism design," Documents de travail du Centre d'Economie de la Sorbonne, UniversitÃ© PanthÃ©on-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne 10084, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Monique Florenzano, 2010. "Government and the provision of public goods : from equilibrium models to mechanism design," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) halshs-00543296, HAL.
- B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
- B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
- H10 - Public Economics - - Structure and Scope of Government - - - General
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bonnisseau, Jean-Marc, 1991. "Existence of Lindahl equilibria in economies with nonconvex production sets," Journal of Economic Theory, Elsevier, Elsevier, vol. 54(2), pages 409-416, August.
- Yahya Madra & Fikret Adaman, 2013. "Neoliberal reason and its forms:Depoliticization through economization," Working Papers, Bogazici University, Department of Economics 2013/07, Bogazici University, Department of Economics.
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