An Impossibility Result for the Efficient Provision of Public Goods (EC2261@UWO)
Channel: Bruno Salcedo
Date: 03/04/2020

When it is not common knowledge that it is efficient to invest in a public good then the first-best outcome is not attainable. Every incentive-compatible efficient mechanism either runs a deficit or violates participation constraints. 

These videos were prepared with very short notice due to the 2020 COVID-19 pandemic. As a result, there are some typos and minor mistakes. 

Virtual Lectures for EC2261 at Western University. 

Find the corresponding lecture notes at http://brunosalcedo.com/2261.html