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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- Yan Yu, 2007. "Serial cost sharing of an excludable public good available in multiple units," Social Choice and Welfare, Springer, vol. 29(3), pages 539-555, October.
- Ruben Juarez, 2008. "The worst absolute surplus loss in the problem of commons: random priority versus average cost," Economic Theory, Springer, vol. 34(1), pages 69-84, January.
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