On incentive compatible, individually rational public good provision mechanisms

• Main Authors: KUNIMOTO, Takashi, ZHANG, Cuiling
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2018
• Subjects: Budget balance; decision efficiency; incentive compatibility; individual rationality; mechanisms; public goods; Economics; Economic Theory
• Online Access: https://ink.library.smu.edu.sg/soe_research/2212; https://ink.library.smu.edu.sg/context/soe_research/article/3211/viewcontent/public_good_Nov_18_2018_.pdf
• Institution: Singapore Management University

This paper characterizes mechanisms satisfying Bayesian incentive compatibility (BIC) and interim individual rationality (IIR) in the classical public good provision problem. Many papers in the literature obtain the results in the so-called standard model of ex ante identical agents with a continuou...