Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - Simple subscription mechanisms for excludable public goods
AU - Bag, P.K.
AU - Winter, E.
PY - 1999/7
Y1 - 1999/7
N2 - For excludable public goods, we propose simple mechanisms to uniquely implement a (core) stable and efficient production and cost-sharing outcome: consumers are asked to announce sequentially their minimal requested level of public good and a subscription towards its production. In one mechanism the subscriptions depend on the order of moves. In a second mechanism, the subscriptions are order-independent and thus symmetric. The equilibrium outcomes induced by our mechanisms are immune to strategic deviations by coalitions. Journal of Economic Literature Classification Numbers: H41, C72, D78. © 1999 Academic Press.
AB - For excludable public goods, we propose simple mechanisms to uniquely implement a (core) stable and efficient production and cost-sharing outcome: consumers are asked to announce sequentially their minimal requested level of public good and a subscription towards its production. In one mechanism the subscriptions depend on the order of moves. In a second mechanism, the subscriptions are order-independent and thus symmetric. The equilibrium outcomes induced by our mechanisms are immune to strategic deviations by coalitions. Journal of Economic Literature Classification Numbers: H41, C72, D78. © 1999 Academic Press.
U2 - 10.1006/jeth.1998.2497
DO - 10.1006/jeth.1998.2497
M3 - Journal article
VL - 87
SP - 72
EP - 94
JO - Journal of Economic Theory
JF - Journal of Economic Theory
SN - 0022-0531
IS - 1
ER -