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Truthful revelation of preferences for a public good
Authors:Mikio Nakayama
Affiliation:Faculty of Economics, Toyama University, 3190 Gofuku, Toyama City 930, Japan
Abstract:We present a preference revelation mechanism for a public good under incomplete information, and a solution concept that singles out uniquely the truthful evaluation of demand. The solution concept we define is a variant of the maximin criterion, such that it maximizes a security level of utility against any range of others' choices of strategy which can be known through the realization of an outcome.
Keywords:Direct revelation mechanism: maximin strategy  Lindahl equilibrium
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