Title

Overcoming Participation Constraints

Document Type

Discussion Paper

Publication Date

5-1-2005

CFDP Number

1511R

CFDP Revision Date

2006-04-01

CFDP Pages

51

Abstract

This paper shows that linking a sufficiently large number of independent but unrelated social decisions can achieve approximate efficiency. We provide regularity conditions under which a Groves mechanism amended with a veto game implements an efficient outcome with probability arbitrarily close to one, and satisfies interim participation, incentive and resource constraints.

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