TY - JOUR
T1 - Strategy-proof mechanisms in public good economies
AU - Ohseto, Shinji
N1 - Funding Information:
This researchw as partially supportedb y Grants in Aid for JSPS Research Fellows of the Ministry of Educationin Japan. ! am gratefutl o Midori Hirokawa, Makoto Kikuchi, Hitoshi MatsushimaH, erveMoulin, Virginia Peng, Tatsuyoshi Saijo, YoshikatsuT atamitaniS, tephenT urnbull,and an anonymourse fereef or many helpful commentas nd suggestions.
PY - 1997/4
Y1 - 1997/4
N2 - In economies with one private good and one public good, the minimal provision mechanism is shown to be the unique mechanism that satisfies strategy-proofness, voluntary participation and the full-range property when a given cost share rule has the convex property. Even if the cost share rule shares positive fixed costs of producing public goods, so includes a non-convex portion, the proper restriction of the range of mechanisms guarantees that the minimal provision mechanism satisfies strategy-proofness and voluntary participation. In contrast, if the restriction is not sufficient, then the implied non-convexity of the cost share rule leads to an impossibility result. Furthermore, we show that no satisfactory mechanism exists in the case with several public goods.
AB - In economies with one private good and one public good, the minimal provision mechanism is shown to be the unique mechanism that satisfies strategy-proofness, voluntary participation and the full-range property when a given cost share rule has the convex property. Even if the cost share rule shares positive fixed costs of producing public goods, so includes a non-convex portion, the proper restriction of the range of mechanisms guarantees that the minimal provision mechanism satisfies strategy-proofness and voluntary participation. In contrast, if the restriction is not sufficient, then the implied non-convexity of the cost share rule leads to an impossibility result. Furthermore, we show that no satisfactory mechanism exists in the case with several public goods.
KW - Cost share rules
KW - Mechanisms
KW - Strategy-proofness
KW - Voluntary participation
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U2 - 10.1016/S0165-4896(96)00823-2
DO - 10.1016/S0165-4896(96)00823-2
M3 - Article
AN - SCOPUS:0031116179
SN - 0165-4896
VL - 33
SP - 157
EP - 183
JO - Mathematical Social Sciences
JF - Mathematical Social Sciences
IS - 2
ER -