AN IMPLEMENTABLE STATE-OWNERSHIP SYSTEM WITH GENERAL VARIABLE RETURNS
成果类型：
Note
署名作者：
TIAN, GQ; LI, Q
署名单位：
Indiana University System; Indiana University Bloomington
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1994.1069
发表日期：
1994
页码：
286-297
关键词：
摘要：
In this paper, we formalize an implementable state-ownership institutional framework for public goods economies by using the Generalized Ratio equilibrium that yields Pareto-efficient and individually rational allocations and that allows for general variable returns. We then address the problems created by manipulative behavior on the part of individuals and study the implementability of this social choice rule by giving an incentive compatible and well-behaved mechanism whose Nash allocations coincide with Generalized Ratio allocations.