For the provision of a binary excludable public good with fixed cost we show that the equal-cost sharing social choice function minimizes the maximal welfare loss among the class of all strategy-proof and individually rational social choice functions.
Strategy-proofness and Equal-cost Sharing for a Binary Excludable Public Good with Fixed Cost
NICOLO', ANTONIO;
2011
Abstract
For the provision of a binary excludable public good with fixed cost we show that the equal-cost sharing social choice function minimizes the maximal welfare loss among the class of all strategy-proof and individually rational social choice functions.File in questo prodotto:
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