We present a new class of "α-serial mechanisms" for the provision of an excludable public good. Those mechanisms have a similar structure to the serial mechanism, but may let the non-consumers pay a positive cost. They inherit desirable properties such as anonymity, envy-freeness, Maskin monotonicity, and population monotonicity from the serial mechanism. We calculate the "maximal efficiency loss" and "maximal manipulation" of α-serial mechanisms and point out a trade-off between these two properties.
ASJC Scopus subject areas
- Economics and Econometrics