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Voting and optimal provision of a public good

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  • Shao, Ran
  • Zhou, Lin

Abstract

In this paper, we study the optimal provision of a costly public good using an average efficiency criterion. For every fixed cost, we identify a quota mechanism as the optimal mechanism among those that are dominant-incentive-compatible, deficit-free and kind. Moreover, we also consider the asymmetric case and demonstrate that a committee mechanism is optimal for a large class of mechanisms. In particular, this mechanism dominates all VCG (pivotal) mechanisms.

Suggested Citation

  • Shao, Ran & Zhou, Lin, 2016. "Voting and optimal provision of a public good," Journal of Public Economics, Elsevier, vol. 134(C), pages 35-41.
    • Handle: RePEc:eee:pubeco:v:134:y:2016:i:c:p:35-41
    DOI: 10.1016/j.jpubeco.2015.12.006
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    References listed on IDEAS

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    Cited by:

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