TITLE

Incentives in Planning Procedures for the Provision of Public Goods

AUTHOR(S)
Roberts, John
PUB. DATE
April 1979
SOURCE
Review of Economic Studies;Apr79, Vol. 46 Issue 2, p283
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
In this note we will be concerned with one aspect of this problem, namely, the specification of the pay-off functions in the context of planning procedures with public goods. The games we will consider will be non-cooperative ones in which the players are the agents (consumers) in the process and the strategy sets consist of messages the agents can send regarding what their preferences are. (These messages may, in fact, be complete preference orderings.) This much is more or less common to most studies of incentive questions. However, in many iterative planning procedures, a proposed allocation is generated at each iteration. This gives rise to a choice as to the pay-off functions in the game. On the one hand, one might hypothesize that agents will be concerned only with what they will finally receive. This leads to specifying the pay-off to each player as the utility to him under his true preferences of the final allocation selected. We will refer to the game with this pay-off as the global game. Alternatively, one might argue that it is more reasonable to suppose that agents simply try to do as well as they can for themselves at each iteration. This then leads to consideration of a separate game at each iteration, with the pay-offs being the change in the utilities associated with the adjustment of the proposed allocation. We call games with this pay-off local or instantaneous.
ACCESSION #
4620395

 

Related Articles

  • INSTITUTIONS RESPONSIBLE FOR AUDITING AND CONTROLLING PUBLIC RESOURCES. Xhani, Nensi; Kaleshi, Erton; Avram, Marioara; Iliescu (Ristea), Maria Andreia // Annals of the University of Craiova, Economic Sciences Series;2019, Vol. 2 Issue 48, p146 

    To successfully deliver public goods and services in order to meet the needs of a society in a continuous growth, it was necessary to establish public resources available to the public sector. The formation of financial resources at the disposal of the state and their distribution to different...

  • EXCLUSION COSTS AND THE PROVISION OF PUBLIC GOODS. Kamien, Morton I.; Schwartz, Nancy L. // Public Choice;Spring1972, Vol. 12, p43 

    We have displayed a model in which an authority charged with the provision of a public good and with the ability to exclude can achieve a Pareto optimal allocation of resources. Exclusion is a device for eliciting from consumers information needed to determine the level of public good...

  • Vertically Summing Public Good Demand Curves: An Empirical Comparison of Economic versus Political Jurisdictions. Loomis, John B. // Land Economics;May2000, Vol. 76 Issue 2, p312 

    Fiscal equivalence for efficient provision of a public good requires perfect correspondence between political and economic jurisdictions. However, the spatial extent of the economic jurisdiction ix an empirical question. Drawing on four survey-based valuation studies, we measure the "relative...

  • FEDERAL FINANCE.  // Economic Indicators;Feb2005, Vol. 110 Issue 2, p32 

    Presents charts and graphs on U.S. federal finance. Federal debt from 1988 to 2005; Federal receipts by source and outlays by function in the first four months of fiscal 2005; Increase in federal current expenditures in the fourth quarter of 2004.

  • Florida Lawmakers OK $71B Budget Before Wrapping Up Session. Sigo, Shelly // Bond Buyer;5/9/2006, Vol. 356 Issue 32377, p28 

    The article reports on the Florida Legislature's approval of the state budget, which takes effect July 1, 2006. Both the House and Senate approved the budget unanimously. The proposed budget is 13 percent higher than the current budget. The budget has set aside $1.707 billion for debt service in...

  • Chicago's 2006 Budget Includes $350 Million in New Bonding. Shields, Yvette // Bond Buyer;11/4/2005, Vol. 354 Issue 32253, p40 

    Reports on the inclusion of plans to sell general obligation and revenue-backed debt in Chicago, Illinois' 2006 budget. Capital projects of the city; Need for additional borrowing for the O'Hare Modernization Program; Public and city council objections to the proposed budget.

  • A Positive Theory of Fiscal Deficits and Government Debt. Alesina, Alberto; Tabellini, Guido // Review of Economic Studies;Jul90, Vol. 57 Issue 3, p403 

    This paper considers an economy in which policymakers with different preferences alternate in office as a result of elections. Government debt is used strategically by each policymaker to influence the choices of his successors. If different policymakers disagree about the desired composition of...

  • REALLOCATION OF BUDGETARY RESOURCES IN THE SYSTEM OF RESULT-BASED BUDGETING. ISTOMINA, Natal'ya A. // Financial Analytics;jul2014, Issue 27, p42 

    The article describes the different ways of budget transfers that are specific to the system of result-based budgeting. The author considers the necessity of each option, the probability of application and potential problems. The paper provides the list of the essential conditions that must be...

  • The budget -- 1999-2000. Saleem, Rao Noman // Economic Review (05318955);Jun99, Vol. 30 Issue 6, p12 

    Focuses on the budget set by the government of Pakistan for 1999 to 2000. Increase from the previous period's budget; Salient features of the budget; Impact of the underestimation of expenditures and the overestimation of resources on the economy.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics