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  • Search: subject:"Lindahl Allocation Process"
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Informational Effciency 1 Lindahl Allocation Process 1 Public Goods 1
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Free 1
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Book / Working Paper 1
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Undetermined 1
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Tian, Guoqiang 1
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 1
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The Unique Informational Effciency of the Lindahl Allocation Process in Economies with Public Goods
Tian, Guoqiang - Volkswirtschaftliche Fakultät, … - 2001
This paper investigates the informational requirements of resource allocation processes in public goods economies with any number of firms and commodities. We show that the Lindahl mechanism is informationally effcient in the sense that it uses the smallest message space among smooth resource...
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