On Equal Cost Sharing in the Provision of an Excludable Public Good
We study the effciency and fairness properties of the equal cost sharing mechanism in the provision of a binary and excludable public good. According to the maximal welfare loss criterion, equal cost sharing is optimal within the class of strategyproof, individually rational and no-budgetde cit mechanisms only when there are 2 agents. In general the equal cost
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- Yves Sprumont, 2011.
"Constrained-Optimal Strategy-Proof Assignment: Beyond the Groves Mechanisms,"
Cahiers de recherche
14-2011, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
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- Ohseto, Shinji, 2000. "Characterizations of Strategy-Proof Mechanisms for Excludable versus Nonexcludable Public Projects," Games and Economic Behavior, Elsevier, vol. 32(1), pages 51-66, July.
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- Sprumont, Yves, 1990. "Population monotonic allocation schemes for cooperative games with transferable utility," Games and Economic Behavior, Elsevier, vol. 2(4), pages 378-394, December.
- Yan Yu, 2007. "Serial cost sharing of an excludable public good available in multiple units," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 29(3), pages 539-555, October.
- Hervé Moulin, 2008. "The price of anarchy of serial, average and incremental cost sharing," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 379-405, September.
- 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.
- Deb, Rajat & Razzolini, Laura, 1999. "Voluntary cost sharing for an excludable public project," Mathematical Social Sciences, Elsevier, vol. 37(2), pages 123-138, March.
- Olszewski, Wojciech, 2004. "Coalition strategy-proof mechanisms for provision of excludable public goods," Games and Economic Behavior, Elsevier, vol. 46(1), pages 88-114, January.
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