Government and the provision of public goods: from equilibrium models to mechanism design

Focussing on their analysis of the optimal public goods provision problems, this paper follows the parallel development of equilibrium models and mechanism design after the accommodation of Samuelson's definition of collective goods to the general equilibrium framework. Both paradigms lead to the negative conclusion of the impossibility of a fully decentralized optimal public goods provision throught market or market-like institutions.

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Year of publication:	2010-10
Authors:	Florenzano, Monique
Institutions:	HAL
Subject:	general equilibrium \| Lindahl-Foley equilibrium \| Wicksell-Foley public competitive equilibrium \| private provision equilibrium \| mechanism design \| free-rider problem \| incentive compatibility \| principal-agent models

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00531464 Published, European Journal of the History of Economic Thought, 2010, 17, 4, 1047-1077
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010603927