Implementing a public project and distributing its cost

Jackson, M. and Moulin, H. (1992) Implementing a public project and distributing its cost. Journal of Economic Theory, 57(1), pp. 125-140. (doi: 10.1016/S0022-0531(05)80044-4)

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We provide a game form which undertakes a public project exactly when the total benefit of the project to individuals in a society outweights its cost. The game form is simple, balanced, and individually rational. It can be adjusted to distribute cost according to a wide class of rules. For example it can distribute cost so that each individual pays a share of the cost which is proportional to his or her benefit. We discuss the informational limitations of our work and the relation of this work to the literature on mechanism design and public goods.

Item Type:Articles
Glasgow Author(s) Enlighten ID:Moulin, Professor Herve
Authors: Jackson, M., and Moulin, H.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Journal of Economic Theory
ISSN (Online):1095-7235

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