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Voting and optimal provision of a public good
- Source :
- Journal of Public Economics. 134:35-41
- Publication Year :
- 2016
- Publisher :
- Elsevier BV, 2016.
-
Abstract
- In this paper, we study the optimal provision of a costly public good using an average efficiency criterion. For every fixed cost, we identify a quota mechanism as the optimal mechanism among those that are dominant-incentive-compatible, deficit-free and kind. Moreover, we also consider the asymmetric case and demonstrate that a committee mechanism is optimal for a large class of mechanisms. In particular, this mechanism dominates all VCG (pivotal) mechanisms.
Details
- ISSN :
- 00472727
- Volume :
- 134
- Database :
- OpenAIRE
- Journal :
- Journal of Public Economics
- Accession number :
- edsair.doi...........de32a3902d8e436830730c9d5761b0d0
- Full Text :
- https://doi.org/10.1016/j.jpubeco.2015.12.006