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The Efficient and Fair Approval of “Multiple-Cost-Single-Benefit” Projects Under Unilateral Information

  • Nava Kahana

    ()

    (Department of Economics, Bar Ilan University,IZA, Bonn)

  • Yosef Mealem

    (Netanya Academic College, The School of Banking & Finance Netanya, Israel)

  • Shmuel Nitzan

    ()

    (Department of Economics, Bar Ilan University)

This paper focuses on indivisible multiple-cost–single-benefit projects that must be approved by the government. A simple mechanism is proposed that ensures an efficient and fair implementation of such projects. The proposed mechanism is appropriate for a unilateral information structure: the single beneficiary has complete information on the cost and benefit of the project while the government official has no such information and the cost bearers have information only on each other's costs.

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File URL: http://www.biu.ac.il/soc/ec/wp/2009-14.pdf
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Paper provided by Bar-Ilan University, Department of Economics in its series Working Papers with number 2009-14.

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Date of creation: May 2009
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Handle: RePEc:biu:wpaper:2009-14
Contact details of provider: Postal: Faculty of Social Sciences, Bar Ilan University 52900 Ramat-Gan
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  1. Bagnoli, Mark & Lipman, Barton L, 1989. "Provision of Public Goods: Fully Implementing the Core through Private Contributions," Review of Economic Studies, Wiley Blackwell, vol. 56(4), pages 583-601, October.
  2. Edward Clarke, 1971. "Multipart pricing of public goods," Public Choice, Springer, vol. 11(1), pages 17-33, September.
  3. MANIQUET, François, . "Implementation of allocation rules under perfect information," CORE Discussion Papers RP -1734, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  4. Palfrey, Thomas R. & Rosenthal, Howard, 1984. "Participation and the provision of discrete public goods: a strategic analysis," Journal of Public Economics, Elsevier, vol. 24(2), pages 171-193, July.
  5. Mutuswami, Suresh & Winter, Eyal, 2004. "Efficient mechanisms for multiple public goods," Journal of Public Economics, Elsevier, vol. 88(3-4), pages 629-644, March.
  6. repec:ebl:ecbull:v:17:y:2007:i:4:p:1-9 is not listed on IDEAS
  7. Bagnoli, Mark & Lipman, Barton L, 1992. " Private Provision of Public Goods Can Be Efficient," Public Choice, Springer, vol. 74(1), pages 59-78, July.
  8. Joanne Roberts, 1999. "Implementing the Efficient Allocation of Pollution," Working Papers jorob-99-01, University of Toronto, Department of Economics.
  9. Admati, Anat R & Perry, Motty, 1991. "Joint Projects without Commitment," Review of Economic Studies, Wiley Blackwell, vol. 58(2), pages 259-76, April.
  10. Moore, John & Repullo, Rafael, 1988. "Subgame Perfect Implementation," Econometrica, Econometric Society, vol. 56(5), pages 1191-1220, September.
  11. Kahana, Nava & Mealem, Yosef & Nitzan, Shmuel, 2008. "A complete implementation of the efficient allocation of pollution," Economics Letters, Elsevier, vol. 101(2), pages 142-144, November.
  12. JoseHerrero, Maria & Srivastava, Sanjay, 1992. "Implementation via backward induction," Journal of Economic Theory, Elsevier, vol. 56(1), pages 70-88, February.
  13. Andrew Yates & Daniel English, 2007. "Citizens' demand for permits and Kwerel''s incentive compatible mechanism for pollution control," Economics Bulletin, AccessEcon, vol. 17(4), pages 1-9.
  14. 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.
  15. Kwerel, Evan, 1977. "To Tell the Truth: Imperfect Information and Optimal Pollution Control," Review of Economic Studies, Wiley Blackwell, vol. 44(3), pages 595-601, October.
  16. Lewis, Tracy R. & Sappington, David E. M., 1995. "Using markets to allocate pollution permits and other scarce resource rights under limited information," Journal of Public Economics, Elsevier, vol. 57(3), pages 431-455, July.
  17. Groves, Theodore, 1973. "Incentives in Teams," Econometrica, Econometric Society, vol. 41(4), pages 617-31, July.
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