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Correction Mechanism of the Imbalance of Rural Long Tail Public Services

In: Rural Long Tail Public Service and the Correction Mechanism

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  • Ji Luo

    (Tsinghua University)

Abstract

Referring to the definition of mechanism design (Börgers and Krahmer in An introduction to the theory of mechanism design. Oxford University Press, USA, 2015), the design of the correction mechanism for the imbalance of rural long tail public services refers to choose the appropriate mechanism under the given economic and social environment, on the premise of not destroying the incentive motivation of all stakeholders (including individuals, governments and NGOs), so as to achieve the Pareto effect of social welfare and individual rational allocation results. In detail, this chapter includes basic mechanism design (basic setting, commitment mechanism, government regulation), incentive compatibility and information efficiency mechanism, interval design of imbalance correction mechanism, Groves-Clark correction mechanism, Nash equilibrium correction mechanism, dynamic adjustment mechanism and accurate matching mechanism.

Suggested Citation

  • Ji Luo, 2021. "Correction Mechanism of the Imbalance of Rural Long Tail Public Services," Springer Books, in: Rural Long Tail Public Service and the Correction Mechanism, chapter 0, pages 205-236, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-4023-0_6
    DOI: 10.1007/978-981-16-4023-0_6
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