The implementation problem is the problem of designing a mechanism (game form) such
that the equilibrium outcomes satisfy a criterion of social optimality embodied in a social …

Publisher Summary The presence of public goods seriously challenges traditional or
“natural” solutions for the allocation of private goods. Important policy questions, of whether …

We consider an implementation problem faced by a planner who manages a roadway
network. The problem entails both hidden information and hidden actions. We solve the …

Publisher Summary This chapter focuses on the micro-economic reasons for market failure
and the micro-political analysis of government performance. Governments provide goods …

This book is a broad survey of the literature on public goods. There has been an explosion
of research in the last ten years in a broad variety of-eas in this literature and the time seems …

This is the first systematic experimental study of the comparative performance of two
incentive-compatible mechanisms for public goods provision: the basic quadratic …

The Groves-Ledyard mechanism theoretically can solve the 'free-rider'problem in public
good provision in certain environments. Two questions are of overriding importance in …

Strategy-proofness, requiring that truth-telling is a dominant strategy, is a standard concept
used in social choice theory. Saijo, Sjöström and Yamato [Saijo, T., Sjöström, T., Yamato, T …

In a repeated-interaction public goods economy, incomplete information and dynamic
behavior may affect the realized outcomes of mechanisms known to be efficient in a …

We are interested in how Groves–Ledyard mechanisms perform when used repeatedly in a
sequence of one-shot games where agents know only their own preferences. In particular …