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- W2029209873 abstract "Abstract The central theme of this paper is the effect of strategic behaviour within a specific allocation procedure for public goods. In this procedure a change in taxes or public-good provision is, ceteris paribus, permanent. If individuals take account of this permanency (‘Pantaleoni effect’), efficiency losses will ensue. This is also true for strategic behaviour, closed-loop information exchange, and a large number of individuals. The asymptotic efficiency of the procedure remains unaffected. Another result concerns the distributional effect of strategic behaviour. A larger share in the government surplus increases utility under truthful revelation and decreases utility under strategic behaviour." @default.
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- W2029209873 date "1991-01-01" @default.
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- W2029209873 title "Strategic behaviour in the MDP procedure" @default.
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- W2029209873 doi "https://doi.org/10.1016/0014-2921(91)90107-t" @default.
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