IDEAS home Printed from https://ideas.repec.org/a/spr/reecde/v3y1998i4p347-357.html
   My bibliography  Save this article

Maximal surplus from the pivotal mechanism: a closed form solution

Author

Listed:
  • Rajat Deb

    (Department of Economics, Southern Methodist University, Dallas, Tx 75275, USA)

  • Tae Kun Seo

    (Department of Economics, Southern Methodist University, Dallas, Tx 75275, USA)

Abstract

The paper derives a closed form solution for the maximal surplus generated by the pivotal mechanism in the case of a binary public good. The formula may be used to compare the pivotal mechanism to other mechanisms. An illustration is provided to demonstrate how such a comparison may be made.

Suggested Citation

  • Rajat Deb & Tae Kun Seo, 1998. "Maximal surplus from the pivotal mechanism: a closed form solution," Review of Economic Design, Springer;Society for Economic Design, vol. 3(4), pages 347-357.
  • Handle: RePEc:spr:reecde:v:3:y:1998:i:4:p:347-357
    Note: Received: 30 April 1997 / Accepted: 16 June 1998
    as

    Download full text from publisher

    File URL: http://link.springer.de/link/service/journals/10058/papers/8003004/80030347.pdf
    Download Restriction: Access to the full text of the articles in this series is restricted
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Moritz Drexl & Andreas Kleiner, 2018. "Why Voting? A Welfare Analysis," American Economic Journal: Microeconomics, American Economic Association, vol. 10(3), pages 253-271, August.
    2. Moulin, Hervé, 2009. "Almost budget-balanced VCG mechanisms to assign multiple objects," Journal of Economic Theory, Elsevier, vol. 144(1), pages 96-119, January.
    3. Shao, Ran & Zhou, Lin, 2016. "Voting and optimal provision of a public good," Journal of Public Economics, Elsevier, vol. 134(C), pages 35-41.
    4. Yi, Jianxin & Li, Yong, 2016. "A general impossibility theorem and its application to individual rights," Mathematical Social Sciences, Elsevier, vol. 81(C), pages 79-86.
    5. You, Jung S., 2015. "Optimal VCG mechanisms to assign multiple bads," Games and Economic Behavior, Elsevier, vol. 92(C), pages 166-190.

    More about this item

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:reecde:v:3:y:1998:i:4:p:347-357. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.