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Strategyproof Cost Sharing of Multiple Excludable Public Goods
Author(s) -
MUTUSWAMI SURESH
Publication year - 2007
Publication title -
journal of public economic theory
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.809
H-Index - 32
eISSN - 1467-9779
pISSN - 1097-3923
DOI - 10.1111/j.1467-9779.2007.00331.x
Subject(s) - excludability , public good , equity (law) , microeconomics , economics , subsidy , rationality , balance (ability) , public economics , law , market economy , medicine , political science , physical medicine and rehabilitation
In a model of cost sharing of multiple excludable public goods, we examine the properties of mechanisms satisfying strategyproofness, no subsidy, outcome non‐bossiness, budget balance, individual rationality and consumer sovereignty. We show that such mechanisms in general will not satisfy the equity property of equal treatment of equals . This contrasts with the single excludable public good case.