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- W1884697305 abstract "Various allocation procedures for efficient provision of public goods have recently been proposed. These procedures can be divided into mechanisM8 and time continuous dynamic processes. Studies on mechanisms have shown that no mechanism exists which is incentive compatible and individually rational and achieves a Pareto optimal allocation. It is shown in this paper that a similar nonexistence result can also be obtained with respect to dynamic processes. That is, in a reasonably specified subcategory of dynamic processes, it is proved that no incentive-compatible process exists which is workable and achieves a Pareto optimal allocation." @default.
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- W1884697305 date "1981-01-01" @default.
- W1884697305 modified "2023-10-16" @default.
- W1884697305 title "On the Existence of Satisfactory Dynamic Revelation Processes for Public Good Provision" @default.
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- W1884697305 doi "https://doi.org/10.2307/3439763" @default.
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