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SSRN Electronic Journal
Article . 2015 . Peer-reviewed
Data sources: Crossref
EconStor
Research . 2015
Data sources: EconStor
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Public-Good Provision, Mechanism Design and Voting

Authors: Bierbrauer, Felix; Hellwig, Martin F.;

Public-Good Provision, Mechanism Design and Voting

Abstract

We study the relation between mechanism design and voting in public-good provision. If incentive mechanisms must satisfy conditions of coalition-proofness and robustness, as well as individual incentive compatibility, the participants' contributions to public-good provision can only depend on the level of the public good that is provided and that level can only depend on the population shares of people favouring one level over another. For a public good that comes as a single indivisible unit the outcome depends on whether or not the share of votes in favour of provision exceeds a specified threshold. With more provision levels for the public good more complicated mechanisms can be used but they still involve the counting of votes rather than any measurement of the participants' willingness to pay. The paper thus provides a foundation for the use of voting mechanisms.

Country
Germany
Keywords

public-good provision, 330, ddc:330, voting mechanisms, mechanism design, D70, D82, D60, H41

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
bronze