We study economies with one private good and one pure public good, and consider the following axioms of social choice functions. says that no agent can benefit by misrepresenting his preferences, regardless of whether the other agents misrepresent or not, and whatever his preferences are. says that if two agents have the same preference, they must be treated equally. says that when the preferences of two agents are switched, their consumption bundles are also switched. says that a social choice function never assigns an allocation which makes some agent worse off than he would be by consuming no public good and paying nothing. In Theorem 1, we characterize the class of strategy‐proof, budget‐balancing, and symmetric social choice functions, assuming convexity of the cost function of the public good. In Theorem 2, we characterize the class of strategy‐proof, budget‐balancing, and anonymous social choice functions. In Theorem 3, we characterize the class of strategy‐proof, budget‐balancing, symmetric, and individually rational social choice functions.
MLA
Serizawa, Shigehiro. “Strategy‐proof and Symmetric Social Choice Functions for Public Good Economies.” Econometrica, vol. 67, .no 1, Econometric Society, 1999, pp. 121-145, https://doi.org/10.1111/1468-0262.00006
Chicago
Serizawa, Shigehiro. “Strategy‐proof and Symmetric Social Choice Functions for Public Good Economies.” Econometrica, 67, .no 1, (Econometric Society: 1999), 121-145. https://doi.org/10.1111/1468-0262.00006
APA
Serizawa, S. (1999). Strategy‐proof and Symmetric Social Choice Functions for Public Good Economies. Econometrica, 67(1), 121-145. https://doi.org/10.1111/1468-0262.00006
Supplement to "Vector Expected Utility and Attitudes toward Variation"
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PDF file of two technical appendices. Appendix 1 demonstrates how the optimal allocation in the bond-enforcement model can be decentralized into a competitive equilibrium with either national default risk or resident default risk. Appendix 2 describes two alternative strategies to compute the bond-enforcement model.
Supplement to "Foundations of Intrinsic Habit Formation"
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Supplement to "Menu Costs, Multi-Product Firms, and Aggregate Fluctuations"
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Supplement to "Non-Exclusive Competition in the Market for Lemons"
This supplement provides a detailed analysis of the exclusive competition game for the two-type specification of the model considered in Section 3 of the paper.
Supplement to "When are Local Incentive Constraints Sufficient?"
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Supplement to "The Realzed Laplace Transform of Volatility"
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Supplement to "The Productivity Advantages of Large Cities: Distinguishing Agglomeration from Firm Selection"
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