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Government and the provision of public goods: from equilibrium models to mechanism design


  • Monique Florenzano

    () (CES - Centre d'économie de la Sorbonne - UP1 - Université Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)


Focussing on their analysis of the optimal public goods provision problems, this paper follows the parallel development of equilibrium models and mechanism design after the accommodation of Samuelson's definition of collective goods to the general equilibrium framework. Both paradigms lead to the negative conclusion of the impossibility of a fully decentralized optimal public goods provision throught market or market-like institutions.

Suggested Citation

  • Monique Florenzano, 2010. "Government and the provision of public goods: from equilibrium models to mechanism design," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00531464, HAL.
  • Handle: RePEc:hal:cesptp:halshs-00531464
    DOI: 10.1080/09672567.2010.499469
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    References listed on IDEAS

    1. Bonnisseau, Jean-Marc, 1991. "Existence of Lindahl equilibria in economies with nonconvex production sets," Journal of Economic Theory, Elsevier, vol. 54(2), pages 409-416, August.
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    Cited by:

    1. Yahya Madra & Fikret Adaman, 2013. "Neoliberal reason and its forms:Depoliticization through economization," Working Papers 2013/07, Bogazici University, Department of Economics.

    More about this item


    general equilibrium; Lindahl-Foley equilibrium; Wicksell-Foley public competitive equilibrium; private provision equilibrium; mechanism design; free-rider problem; incentive compatibility; principal-agent models;

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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