Legitimacy of mechanisms for public good provision

Pierre C. Boyer; Yukio Koriyama; Elisabeth Schulte

doi:10.1016/j.econlet.2016.07.041

Legitimacy of mechanisms for public good provision

Pierre C. Boyer
, Yukio Koriyama
, Elisabeth Schulte

ENSAE
Philipps University of Marburg

Research output: Contribution to journal › Article › peer-review

Abstract

We study a two-stage mechanism in a setting with asymmetric information about preferences for a public good. We view deliberation before the implementation of a mechanism as an opportunity to provide legitimacy of using the mechanism. We show that the d'Aspremont and Gérard-Varet (1979) mechanism is incompatible with informative deliberation.

Original language	English
Pages (from-to)	120-122
Number of pages	3
Journal	Economics Letters
Volume	146
DOIs	https://doi.org/10.1016/j.econlet.2016.07.041
Publication status	Published - 1 Sept 2016
Externally published	Yes

Keywords

Asymmetric information
Deliberation
Ex post efficiency
Public good

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10.1016/j.econlet.2016.07.041

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title = "Legitimacy of mechanisms for public good provision",

abstract = "We study a two-stage mechanism in a setting with asymmetric information about preferences for a public good. We view deliberation before the implementation of a mechanism as an opportunity to provide legitimacy of using the mechanism. We show that the d'Aspremont and G{\'e}rard-Varet (1979) mechanism is incompatible with informative deliberation.",

keywords = "Asymmetric information, Deliberation, Ex post efficiency, Public good",

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year = "2016",

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T1 - Legitimacy of mechanisms for public good provision

AU - Boyer, Pierre C.

AU - Koriyama, Yukio

AU - Schulte, Elisabeth

PY - 2016/9/1

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N2 - We study a two-stage mechanism in a setting with asymmetric information about preferences for a public good. We view deliberation before the implementation of a mechanism as an opportunity to provide legitimacy of using the mechanism. We show that the d'Aspremont and Gérard-Varet (1979) mechanism is incompatible with informative deliberation.

AB - We study a two-stage mechanism in a setting with asymmetric information about preferences for a public good. We view deliberation before the implementation of a mechanism as an opportunity to provide legitimacy of using the mechanism. We show that the d'Aspremont and Gérard-Varet (1979) mechanism is incompatible with informative deliberation.

KW - Asymmetric information

KW - Deliberation

KW - Ex post efficiency

KW - Public good

U2 - 10.1016/j.econlet.2016.07.041

DO - 10.1016/j.econlet.2016.07.041

M3 - Article

AN - SCOPUS:84982854583

SN - 0165-1765

VL - 146

SP - 120

EP - 122

JO - Economics Letters

JF - Economics Letters

ER -

Legitimacy of mechanisms for public good provision

Abstract

Keywords

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