This paper deals with implementing the efficient level of public good provision in a dynamic setting. First, we prove that when the good is provided in several stages, no sequence of Groves' mechanisms guarantees that agents will reveal their true valuations as a dominant strategy. The...

We argue that political competition based on income redistribution à la Lindbeck and Weibull (Public Choice 52:273–297, <CitationRef CitationID="CR10">1987</CitationRef>) may cause distortive regulation in a competitive sector. For this purpose, we propose a model in which imposing a production quota allows the extraction of rents that...</citationref>