Thumbnail Image
Item

On Incentive Compatibility and Budget Balancedness in Public Decision Making

Suijs,J.P.M.
Abstract
Holstroem (1979) showed that Groves' schemes are the unique incentive compatible transfer schemes for public decision making problems if the domain of preferences is smoothly connected. In this paper we will show that this result can be extended to public decision making problems with a connected domain of preferences and a finite number of alternatives. Moreover, we give a class of decision making problems for which a budget balanced Groves' scheme exists. Finally, we show that for this particular class a budget balanced and incentive compatible transfer scheme cannot satisfy a specific individual rights property.
Description
Date
1995
Journal Title
Journal ISSN
Volume Title
Publisher
CentER
Collections
Tilburg University Research Output Collection
Show all metadata
Files
Thumbnail Image
53.pdf
Adobe PDF, 205.48 KB
Research Projects
Organizational Units
Journal Issue
Keywords
Citation
Suijs, J P M 1995 'On Incentive Compatibility and Budget Balancedness in Public Decision Making' CentER Discussion Paper, vol. 1995-53, CentER.
URI
https://hdl.handle.net/20.500.14602/26254
Embedded videos