From equilibrium models to mechanism design: On the place and the role of government in the public goods provision analysis in the second part of the twentieth century

Focussing on their analysis of the optimal public goods provision problem, 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 through market or market-like institutions.

MoreLess

Year of publication:	2009-02
Authors:	Florenzano, Monique
Institutions:	HAL
Subject:	General equilibrium \| Lindahl-Foley equilibrium \| Wicksell public competitive equilibrium \| private provision equilibrium \| mechanism design \| free-rider problem \| incentive compatibility

More details

Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00367859
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010738669