Showing 1 - 10 of 119
Public provision of a private goods is justified on efficiency grounds in a model with no redistributive preferences. A government’s involvement in the provision of a private good generates information about preferences that facilitates more efficient revenue extraction for the provision of...
Persistent link: https://www.econbiz.de/10010793944
This paper studies the optimal provision mechanism for multiple excludable public goods when agents' valuations are private information. For a parametric class of problems with binary valuations, we demonstrate that the optimal mechanism involves bundling if a regularity condition, akin to a...
Persistent link: https://www.econbiz.de/10005710385
This paper shows that public provision of private goods may be justified on pure efficiency grounds in an environment where individuals consume both public and private goods. The government's involvement in the provision of private goods provides it with information about individuals' private...
Persistent link: https://www.econbiz.de/10005720213
Persistent link: https://www.econbiz.de/10010542535
Persistent link: https://www.econbiz.de/10008804886
This paper studies the optimal provision mechanism for multiple excludable public goods. For a class of problems with symmetric goods and binary valuations, we show that the optimal mechanism involves bundling if a regularity condition, akin to a hazard rate condition, on the distribution of...
Persistent link: https://www.econbiz.de/10008683646
Persistent link: https://www.econbiz.de/10010705582
Persistent link: https://www.econbiz.de/10010423399
Corruption is a widespread phenomenon in many developing and transitional economies. China is a country in profile both in the prevalence of corruption, and in its attempts to root out corruption. The recent anti-corruption campaign in China, which started in December of 2012 when President Xi...
Persistent link: https://www.econbiz.de/10014287377
Persistent link: https://www.econbiz.de/10015056329