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Maximal surplus from the pivotal mechanism: a closed form solution

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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.

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Authors and Affiliations

  1. Department of Economics, Southern Methodist University, Dallas, Tx 75275, USA (e-mail: rdeb@post.cis.smu.edu), , , , , , US

    Rajat Deb & Tae Kun Seo

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  1. Rajat Deb
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  2. Tae Kun Seo
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Received: 30 April 1997 / Accepted: 16 June 1998

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Deb, R., Seo, T. Maximal surplus from the pivotal mechanism: a closed form solution. Rev Econ Design 3, 347–357 (1998). https://doi.org/10.1007/s100580050020

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  • DOI: https://doi.org/10.1007/s100580050020

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