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This paper studies the design of optimal utilitarian mechanisms for an excludable public good. Excludability provides a basis for making people pay for admissions; the payments can be used for redistribution and/or funding. Whereas previous work assumed that admissions are governed by the...
Persistent link: https://www.econbiz.de/10003862320
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This paper studies the relation between Bayesian mechanism de- sign and the Ramsey-Boiteux approach to the provision and pricing of excludable public goods. For a large economy with private informa- tion about individual preferences, the two approaches are shown to be equivalent if and only if,...
Persistent link: https://www.econbiz.de/10010264799
This paper studies the design of optimal utilitarian mechanisms for an excludable public good. Excludability provides a basis for making people pay for admissions; the payments can be used for redistribution and/or funding. Whereas previous work assumed that admissions are governed by the...
Persistent link: https://www.econbiz.de/10010266991
The paper develops an integrated model of optimal nonlinear income taxation, public-goods provision and pricing in a large economy. With asymmetric information about labour productivities and publicgoods preferences, the multidimensional mechanism design problem becomes tractable by requiring...
Persistent link: https://www.econbiz.de/10010274198
The paper develops an integrated model of optimal nonlinear income taxation, public-goods provision and pricing in a large economy. With asymmetric information about labour productivities and publicgoods preferences, the multidimensional mechanism design problem becomes tractable by requiring...
Persistent link: https://www.econbiz.de/10002526457
Persistent link: https://www.econbiz.de/10003992826