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The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
also makes participation constraints desirable. -- public goods ; mechanism design ; incomplete contracts ; regulations …
also makes participation constraints desirable. -- Public goods ; Mechanism Design ; Incomplete Contracts ; Regulation …
benevolent mechanism designer, participation constraints are never desirable. -- Mechanism Design ; Incomplete Contracts ; Public …
also makes participation constraints desirable. -- Public goods ; Mechanism Design ; Incomplete Contracts ; Regulation …
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
benevolent mechanism designer, participation constraints are never desirable. …
The literature on public goods has shown that e?cient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions e?ciency considerations justify that individuals are forced to pay for...