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Reduced-form budget allocation with multiple public alternatives

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  • Xu Lang

    (Southwestern University of Finance and Economics)

Abstract

We consider a reduced-form implementation problem where two players bargain over how to allocate some resources among a finite set of social alternatives. Each player’s payoff depends on how much of the resources is allocated towards each alternative. Distributional constraints on some targeted groups of alternatives are allowed. Using a network flow approach, we provide a characterization of the reduced-form implementability condition. We show that our results can be useful to study public good problems with budget constraints where a joint implementation of private and public alternatives is possible.

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  • Xu Lang, 2022. "Reduced-form budget allocation with multiple public alternatives," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 59(2), pages 335-359, August.
    • Handle: RePEc:spr:sochwe:v:59:y:2022:i:2:d:10.1007_s00355-022-01398-3
    DOI: 10.1007/s00355-022-01398-3
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    Cited by:

    1. Debasis Mishra & Xu Lang, 2022. "Symmetric reduced form voting," Discussion Papers 22-03, Indian Statistical Institute, Delhi.
    2. Lang, Xu & Mishra, Debasis, 2024. "Symmetric reduced form voting," Theoretical Economics, Econometric Society, vol. 19(2), May.
    3. Xu Lang & Debasis Mishra, 2022. "Symmetric reduced form voting," Papers 2207.09253, arXiv.org, revised Apr 2023.

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