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Título : Efficient and Stable Collective Choices under Gregarious Preferences
Autor : Massó, Jordi; Nicolò, Antonio
Palabras clave : Public goods
Gregarious Preferences
Subgame Perfect Implementation
Fecha de publicación : 15-oct-2007
Serie : 714.07
UFAE and IAE Working Papers
Resumen: We consider collective choice problems where a set of agents have to choose an alternative from a finite set and agents may or may not become users of the chosen alternative. An allocation is a pair given by the chosen alternative and the set of its users. Agents have gregarious preferences over allocations: given an allocation, they prefer that the set of users becomes larger. We require that the final allocation be efficient and stable (no agent can be forced to be a user and no agent who wants to be a user can be excluded). We propose a two-stage sequential mechanism whose unique subgame perfect equilibrium outcome is an efficient and stable allocation which also satisfies a maximal participation property.
URI : http://hdl.handle.net/10261/1684
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