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Implementing a public project and distributing its cost

Listed author(s):
  • Jackson, Matthew
  • Moulin, Hervé

We provide a game form which undertakes a public project exactly when the total benefit of the project to individuals in a society outweights its cost. The game form is simple, balanced, and individually rational. It can be adjusted to distribute cost according to a wide class of rules. For example it can distribute cost so that each individual pays a share of the cost which is proportional to his or her benefit. We discuss the informational limitations of our work and the relation of this work to the literature on mechanism design and public goods.

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File URL: http://www.sciencedirect.com/science/article/pii/S0022053105800444
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Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 57 (1992)
Issue (Month): 1 ()
Pages: 125-140

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Handle: RePEc:eee:jetheo:v:57:y:1992:i:1:p:125-140
DOI: 10.1016/S0022-0531(05)80044-4
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622869

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  1. Moore, John & Repullo, Rafael, 1988. "Subgame Perfect Implementation," Econometrica, Econometric Society, vol. 56(5), pages 1191-1220, September.
  2. Ken Binmore & Ariel Rubinstein & Asher Wolinsky, 1986. "The Nash Bargaining Solution in Economic Modelling," RAND Journal of Economics, The RAND Corporation, vol. 17(2), pages 176-188, Summer.
  3. Glazer, Jacob & Ma, Ching-To Albert, 1989. "Efficient allocation of a "prize"-King Solomon's dilemma," Games and Economic Behavior, Elsevier, vol. 1(3), pages 222-233, September.
  4. George J. Mailath & Andrew Postlewaite, 1990. "Asymmetric Information Bargaining Problems with Many Agents," Review of Economic Studies, Oxford University Press, vol. 57(3), pages 351-367.
  5. Myerson, Roger B. & Satterthwaite, Mark A., 1983. "Efficient mechanisms for bilateral trading," Journal of Economic Theory, Elsevier, vol. 29(2), pages 265-281, April.
  6. Jackson Matthew O. & Palfrey Thomas R. & Srivastava Sanjay, 1994. "Undominated Nash Implementation in Bounded Mechanisms," Games and Economic Behavior, Elsevier, vol. 6(3), pages 474-501, May.
  7. Mark Bagnoli & Barton L. Lipman, 1989. "Provision of Public Goods: Fully Implementing the Core through Private Contributions," Review of Economic Studies, Oxford University Press, vol. 56(4), pages 583-601.
  8. Blume, Lawrence & Easley, David, 1990. "Implementation of Walrasian expectations equilibria," Journal of Economic Theory, Elsevier, vol. 51(1), pages 207-227, June.
  9. Jackson, Matthew O, 1991. "Bayesian Implementation," Econometrica, Econometric Society, vol. 59(2), pages 461-477, March.
  10. Demange, Gabrielle, 1984. "Implementing Efficient Egalitarian Equivalent Allocations," Econometrica, Econometric Society, vol. 52(5), pages 1167-1177, September.
  11. Edward Clarke, 1971. "Multipart pricing of public goods," Public Choice, Springer, vol. 11(1), pages 17-33, September.
  12. Moulin, Herve, 1979. "Dominance Solvable Voting Schemes," Econometrica, Econometric Society, vol. 47(6), pages 1137-1151, November.
  13. Crawford, Vincent P, 1979. "A Procedure for Generating Pareto-Efficient Egalitarian-Equivalent Allocations," Econometrica, Econometric Society, vol. 47(1), pages 49-60, January.
  14. Palfrey, Thomas R & Srivastava, Sanjay, 1991. "Nash Implementation Using Undominated Strategies," Econometrica, Econometric Society, vol. 59(2), pages 479-501, March.
  15. Moulin, H., 1984. "Implementing the Kalai-Smorodinsky bargaining solution," Journal of Economic Theory, Elsevier, vol. 33(1), pages 32-45, June.
  16. Moulin, Herve, 1981. "Implementing just and efficient decision-making," Journal of Public Economics, Elsevier, vol. 16(2), pages 193-213, October.
  17. William Vickrey, 1961. "Counterspeculation, Auctions, And Competitive Sealed Tenders," Journal of Finance, American Finance Association, vol. 16(1), pages 8-37, March.
  18. 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.
  19. Moulin, Herve, 1994. "Social choice," Handbook of Game Theory with Economic Applications,in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 2, chapter 31, pages 1091-1125 Elsevier.
  20. Aumann, Robert J. & Maschler, Michael, 1985. "Game theoretic analysis of a bankruptcy problem from the Talmud," Journal of Economic Theory, Elsevier, vol. 36(2), pages 195-213, August.
  21. Postlewaite, Andrew & Schmeidler, David, 1986. "Implementation in differential information economies," Journal of Economic Theory, Elsevier, vol. 39(1), pages 14-33, June.
  22. O'Neill, Barry, 1982. "A problem of rights arbitration from the Talmud," Mathematical Social Sciences, Elsevier, vol. 2(4), pages 345-371, June.
  23. H. Moulin, 1984. "The Conditional Auction Mechanism for Sharing a Surplus," Review of Economic Studies, Oxford University Press, vol. 51(1), pages 157-170.
  24. McKelvey, Richard D. & Niemi, Richard G., 1978. "A multistage game representation of sophisticated voting for binary procedures," Journal of Economic Theory, Elsevier, vol. 18(1), pages 1-22, June.
  25. Peleg, Bezalel, 1978. "Consistent Voting Systems," Econometrica, Econometric Society, vol. 46(1), pages 153-161, January.
  26. Groves, Theodore, 1973. "Incentives in Teams," Econometrica, Econometric Society, vol. 41(4), pages 617-631, July.
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