A SIMPLE INCENTIVE COMPATIBLE SCHEME FOR ATTAINING
A SIMPLE INCENTIVE COMPATIBLE SCHEME FOR ATTAINING
复制标题
一个简单的激励兼容计划来实现
DOI:
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发表时间:
1981
期刊:
影响因子:
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通讯作者:
M. Walker
中科院分区:
文献类型:
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作者:
Lindahl Allocations;M. Walker
A simple scheme for making governmental decisions about the production and financing of public goods is presented. The "competitive" equilibria under the scheme are Pareto optimal; more importantly, they are Lindahl equilibria. Thus, it is never in any individual's interest to refuse to participate (no one will be worse off at the equilibrium than at his initial holding); moreover, the existence of equilibria is assured in the usual classical public-goods economies. UNTIL RECENTLY, it was believed that any attempt to determine Pareto optimal allocations in the presence of public goods would be thwarted by individuals' incentives to misrepresent their preferences-to be "free riders," as it were. Groves and Ledyard [2] upset this belief when they introduced a method for determining the production and financing of public goods at Pareto optimal levels, thus apparently overcoming the free rider problem. Their scheme consists of a government which solicits information from consumers concerning their preferences for the various public goods, and which uses the information it receives to determine (according to specified rules) both its purchases of public goods and the taxes that will be levied on consumers to finance those purchases. When this governmental "mechanism" is employed in conjunction with competitive markets (for allocating private goods), and when consumers follow "competitive-like" Cournot behavior in choosing the information they will convey to the government, the resulting equilibria are Pareto optimal (it should be noted, however, that sometimes there is no equilibrium; see [3]).