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The Efficient and Fair Approval of "Multiple-Cost - Single-Benefit" Projects under Unilateral Information

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Author Info
Kahana, Nava () (Bar-Ilan University)
Mealem, Yosef (Netanya Academic College)
Nitzan, Shmuel () (Bar-Ilan University)

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Abstract

This paper focuses on indivisible multiple-cost–single-benefit projects that must be approved by the government. A simple mechanism is proposed that ensures an efficient and fair implementation of such projects. The proposed mechanism is appropriate for a unilateral information structure: the single beneficiary has complete information on the cost and benefit of the project while the government official has no such information and the cost bearers have information only on each other's costs.

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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4181.

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Date of creation: May 2009
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Handle: RePEc:iza:izadps:dp4181

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Related research
Keywords: efficient and fair implementation; indivisible project; single beneficiary; multiple-cost bearers; unilateral information;

Find related papers by JEL classification:
D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
D62 - Microeconomics - - Welfare Economics - - - Externalities
D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy-Making and Implementation

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References listed on IDEAS
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    Other versions:
  4. Palfrey, Thomas R. & Rosenthal, Howard, 1984. "Participation and the provision of discrete public goods: a strategic analysis," Journal of Public Economics, Elsevier, vol. 24(2), pages 171-193, July. [Downloadable!] (restricted)
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  6. François Maniquet, 2003. "Implementation of allocation rules under perfect information," Social Choice and Welfare, Springer, vol. 21(2), pages 323-346, October. [Downloadable!] (restricted)
  7. Bagnoli, Mark & Lipman, Barton L, 1992. " Private Provision of Public Goods Can Be Efficient," Public Choice, Springer, vol. 74(1), pages 59-78, July.
  8. Abreu, Dilip & Sen, Arunava, 1990. "Subgame perfect implementation: A necessary and almost sufficient condition," Journal of Economic Theory, Elsevier, vol. 50(2), pages 285-299, April. [Downloadable!] (restricted)
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  12. Kahana, Nava & Mealem, Yosef & Nitzan, Shmuel, 2008. "A complete implementation of the efficient allocation of pollution," Economics Letters, Elsevier, vol. 101(2), pages 142-144, November. [Downloadable!] (restricted)
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  14. John Duggan & Joanne Roberts, 2002. "Implementing the Efficient Allocation of Pollution," American Economic Review, American Economic Association, vol. 92(4), pages 1070-1078, September. [Downloadable!]
    Other versions:
  15. Lewis, Tracy R. & Sappington, David E. M., 1995. "Using markets to allocate pollution permits and other scarce resource rights under limited information," Journal of Public Economics, Elsevier, vol. 57(3), pages 431-455, July. [Downloadable!] (restricted)
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