Maximal surplus from the pivotal mechanism: a closed form solution

Rajat Deb () and Tae Kun Seo ()
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Rajat Deb: Department of Economics, Southern Methodist University, Dallas, Tx 75275, USA
Tae Kun Seo: Department of Economics, Southern Methodist University, Dallas, Tx 75275, USA

Review of Economic Design, 1998, vol. 3, issue 4, 347-357

Abstract: The paper derives a closed form solution for the maximal surplus generated by the pivotal mechanism in the case of a binary public good. The formula may be used to compare the pivotal mechanism to other mechanisms. An illustration is provided to demonstrate how such a comparison may be made.

JEL-codes: C72 D78 H41 (search for similar items in EconPapers)
Date: 1998-09-16
Note: Received: 30 April 1997 / Accepted: 16 June 1998
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Citations: View citations in EconPapers (5)

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