Decision Sciences
4 years ago

New Study Reveals Efficient Mechanisms for Fair Access to Public Goods

The Review of Economic Studies
Efficient Mechanisms for Public Goods with Use Exclusions
Peter Norman

Paper Summary

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The article discusses how to efficiently provide a public good that can be restricted to certain users. The researchers found that by using a fixed quantity of the good and charging fixed user fees, they can approximate the best way to provide the good. This involves charging different fees based on users' preferences, but if user names don't give away their preferences, then charging an average cost is a good approach.