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The conservative equal costs rule, the serial cost sharing rule and the pivotal mechanism: asymptotic welfare loss comparisons for the case of an excludable public project

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  • Rajat Deb

    ()

  • Laura Razzolini

    ()

  • Tae Seo

    ()

Abstract

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Suggested Citation

  • Rajat Deb & Laura Razzolini & Tae Seo, 2006. "The conservative equal costs rule, the serial cost sharing rule and the pivotal mechanism: asymptotic welfare loss comparisons for the case of an excludable public project," Review of Economic Design, Springer;Society for Economic Design, vol. 10(3), pages 205-232, December.
  • Handle: RePEc:spr:reecde:v:10:y:2006:i:3:p:205-232
    DOI: 10.1007/s10058-006-0010-3
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    File URL: http://hdl.handle.net/10.1007/s10058-006-0010-3
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    References listed on IDEAS

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    1. Moulin,Hervi, 1991. "Axioms of Cooperative Decision Making," Cambridge Books, Cambridge University Press, number 9780521424585, April.
    2. Deb, Rajat & Ghosh, Indranil K. & Seo, Tae Kun, 2002. "Welfare asymptotics of the pivotal mechanism for excludable public goods," Mathematical Social Sciences, Elsevier, vol. 43(2), pages 209-224, March.
    3. Shinji Ohseto, 2005. "Augmented serial rules for an excludable public good," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(3), pages 589-606, October.
    4. Green, Jerry & Kohlberg, Elon & Laffont, Jean-Jacques, 1976. "Partial equilibrium approach to the free-rider problem," Journal of Public Economics, Elsevier, vol. 6(4), pages 375-394, November.
    5. Deb, Rajat & Razzolini, Laura, 1999. "Voluntary cost sharing for an excludable public project," Mathematical Social Sciences, Elsevier, vol. 37(2), pages 123-138, March.
    6. Groves, Theodore, 1973. "Incentives in Teams," Econometrica, Econometric Society, vol. 41(4), pages 617-631, July.
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    Citations

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    Cited by:

    1. Efthymios Athanasiou & Santanu Dey & Giacomo Valletta, 2016. "Groves mechanisms and communication externalities," Review of Economic Design, Springer;Society for Economic Design, vol. 20(1), pages 1-37, March.
    2. Gary-Bobo, Robert J. & Jaaidane, Touria, 2000. "Polling mechanisms and the demand revelation problem," Journal of Public Economics, Elsevier, vol. 76(2), pages 203-238, May.
    3. Rajat Deb & Tae Seo, 2010. "Strategy-proofness and public good provision using referenda based on unequal cost sharing," International Journal of Game Theory, Springer;Game Theory Society, vol. 39(1), pages 223-236, March.
    4. Athanasiou Efthymios & Dey Santanu & Valletta Giacomo, 2012. "On Sharing the Benefits of Communication," Research Memorandum 016, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).

    More about this item

    Keywords

    Strategy proof; Serial cost sharing; Pivotal mechanism; Asymptotic welfare loss; Efficient surplus; H41; C72; D78;

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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