Mechanisms for the Provision of Public Goods in the Digital Age

11 Pages Posted: 24 Jul 2018

Date Written: July 3, 2018

Abstract

The provision of public goods is a challenge for societies. The mechanism design literature has proposed allocation procedures which help to make efficient provision decisions when information is private. Despite its theoretical appeal and the wider acceptance of mechanisms in other areas, in the context of public goods, the adoption of such mechanisms is limited. This note discusses the possibility to implement mechanisms through software. By reducing costs of implementation, mechanisms may become more widely adopted and improve collective decision-making.

Keywords: Public Goods, Mechanisms, Blockchain, Software Implementation

JEL Classification: D28

Suggested Citation

Zahn, Philipp, Mechanisms for the Provision of Public Goods in the Digital Age (July 3, 2018). Available at SSRN: https://ssrn.com/abstract=3207142 or http://dx.doi.org/10.2139/ssrn.3207142

Philipp Zahn (Contact Author)

University of St. Gallen ( email )

Dufourstrasse 50
St.Gallen, CH-9000
Switzerland

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