This paper explores a typical public finance problem where there are m public goods (education, transportation, police, etc.) provided in limited amounts due to budget constraints, and where individual's preferences are not known. It is shown that all institutions (i.e., decision mechanisms) available to decide the allocation of goods have very unattractive properties: either the decision mechanisms are not compatible with individual's incentives, or they are dictatorial (i.e, they are based on a single individual's preferences)
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
We study the properties of mechanisms for deciding upon the provision of public goods when the feasi...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial-- ...
This paper explores a typical public finance problem where there are m public goods (education, tran...
This paper explores a typical public finance problem where there are m public goods (education, tran...
This paper explores a typical public finance problem where there are m public goods (education, tran...
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial --...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
We study the properties of mechanisms for deciding upon the provision of public goods when the feasi...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial-- ...
This paper explores a typical public finance problem where there are m public goods (education, tran...
This paper explores a typical public finance problem where there are m public goods (education, tran...
This paper explores a typical public finance problem where there are m public goods (education, tran...
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...
A fundamental problem in public finance is that of allocating a␣given budget to financing the provis...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial --...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
This paper provides a characterization of the class of incentive compatible (i.e., strategy-proof) a...
We study the properties of mechanisms for deciding upon the provision of public goods when the feasi...
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial-- ...