|
EconStor >
Verein für Socialpolitik >
Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/37420
|
| | |
| Title: | | The Theory of Incentive Mechanisms and the Samuelson Critique of a Contractarian Approach to Public-Good Provision  |
| Authors: | | Bierbrauer, Felix Hellwig, Martin |
| Issue Date: | | 2010 |
| Series/Report no.: | | Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Optimal Monitoring and Mechanism Design B17-V3 |
| Abstract: | | The assessment that the implementation of efficient outcomes by means of decentralized spontaneous solutions is to be expected for private goods, but not for public goods has become part of the conventional wisdom of our discipline. This paper uses a mechanism design approach to clarify under which conditions this proposition is indeed correct. The main result is that the following has to be satisfied: There is a large number of individuals and only mechanisms which are robust, in the sense that they do not exploit assumptions about individuals' probabilistic beliefs, are considered. |
| Subjects: | | Public Goods Private Goods Robust Mechanism Design Large Economy |
| JEL: | | D60 D80 H40 |
| Document Type: | | Conference Paper |
| Appears in Collections: | | Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/37420
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|