Multiple Public Goods: the Replacement Principle and the Lexmax Extension
نویسنده
چکیده
This paper studies the problem of providing multiple public goods for agents with single-peaked preferences. A decision rule selects m points for the m identical public goods for every pro le of reported preferences. In Miyagawa (1998c) these multiple public goods are options, i.e., alternatives are compared by the most preferred goods according to the agents' preferences. In this paper agents compare alternatives by the lexmax ordering over these m-tuples induced by their single-peaked preference. For economies with two public goods and more than four agents we characterize the decision rules satisfying replacement-domination and Pareto-optimality. JEL classi cation: D63, D71, D81
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