Truthful revelation of preferences for a public good |
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Authors: | Mikio Nakayama |
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Affiliation: | Faculty of Economics, Toyama University, 3190 Gofuku, Toyama City 930, Japan |
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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. |
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Keywords: | Direct revelation mechanism: maximin strategy Lindahl equilibrium |
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