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Legitimacy of mechanisms for public good provision

Author

Listed:
  • Boyer, Pierre C.
  • Koriyama, Yukio
  • Schulte, Elisabeth

Abstract

We study a two-stage mechanism in a setting with asymmetric information about preferences for a public good. We view deliberation before the implementation of a mechanism as an opportunity to provide legitimacy of using the mechanism. We show that the d’Aspremont and Gérard-Varet (1979) mechanism is incompatible with informative deliberation.

Suggested Citation

  • Boyer, Pierre C. & Koriyama, Yukio & Schulte, Elisabeth, 2016. "Legitimacy of mechanisms for public good provision," Economics Letters, Elsevier, vol. 146(C), pages 120-122.
    • Handle: RePEc:eee:ecolet:v:146:y:2016:i:c:p:120-122
    DOI: 10.1016/j.econlet.2016.07.041
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    References listed on IDEAS

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    1. Felix J. Bierbrauer & Pierre C. Boyer, 2016. "Efficiency, Welfare, and Political Competition," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(1), pages 461-518.
    2. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680.
    3. Grüner, Hans Peter & Koriyama, Yukio, 2012. "Public goods, participation constraints, and democracy: A possibility theorem," Games and Economic Behavior, Elsevier, vol. 75(1), pages 152-167.
    4. Felix J. Bierbrauer & Martin F. Hellwig, 2016. "Robustly Coalition-Proof Incentive Mechanisms for Public Good Provision are Voting Mechanisms and Vice Versa," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 83(4), pages 1440-1464.
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    More about this item

    Keywords

    Deliberation; Public good; Ex post efficiency; Asymmetric information;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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