Implementing Lindahl allocations by a withholding mechanism
This paper investigates the problem of designing mechanisms whose Nash allocations coincide with Lindahl allocations for public goods economies when initial endowments are private information and unreported endowments are consumed (withheld) but are not destroyed. It will be noted that the mechanism presented here is individually feasible, balanced, and continuous. Besides, we allow preferences of agents to be nontotal-nontransitive and discontinuous.
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- Mas-Colell,Andreu, 1990.
"The Theory of General Economic Equilibrium,"
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