PUBLIC GOOD PROVISION WITH CONSTITUTIONAL CONSTRAINT

Kang Rong

International Economic Review, 2018, vol. 59, issue 3, 1187-1208

Abstract: This article studies the public good provision problem, in which the principal faces a constitutional constraint in the sense that in order for a public good provision mechanism to be implemented, it must first be approved by agents under a prespecified voting rule. I find that as long as the voting rule is not the unanimity rule, the principal can propose a mechanism such that first‐best efficiency of provision of the public good is achieved. I also consider various constraints, such as prohibition of discriminatory mechanisms and the existence of vote buying, and discuss optimal voting rules in these situations.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:wly:iecrev:v:59:y:2018:i:3:p:1187-1208

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