Lindahl vs. Lindahl: Optimal siting and sizing of a noxious facility
| dc.audience | Researchers | eng |
| dc.audience | Students | eng |
| dc.audience | Teachers | eng |
| dc.contributor.institucion | Universidad del Rosario | spa |
| dc.coverage.ciudad | Bogotá | spa |
| dc.creator | Ferraz, Eduardo | spa |
| dc.creator | Mantilla, César | spa |
| dc.date.accessioned | 2020-09-22T21:00:18Z | spa |
| dc.date.available | 2020-09-22T21:00:18Z | spa |
| dc.date.created | 2020-09-22 | spa |
| dc.description.abstract | Providing a noxious facility poses two problems previously unexplored together: where to locate it and how large it should be. We propose a mechanism combining some market-like properties with a modified second-price auction. The mechanism selects a host, a facility size, a compensation for hosting the project, and determines how the compensation and building costs are split among the non-hosts. Regardless of the selected host, any equilibrium outcome of this mechanism is a Lindahl allocation. If each community bids truthfully for becoming the host-a strategy which no community has incentives to deviate-the selected Lindahl allocation is globally optimal. | eng |
| dc.format.extent | 33 páginas | spa |
| dc.format.mimetype | spa | |
| dc.identifier.uri | https://repositorio.redinvestigadores.org/handle/Riec/85 | spa |
| dc.language.iso | eng | eng |
| dc.relation.ispartof | Documentos de Trabajo | spa |
| dc.relation.number | No. 65 | spa |
| dc.relation.repec | https://ideas.repec.org/p/rie/riecdt/65.html | spa |
| dc.rights.accessRights | Open Access | eng |
| dc.rights.cc | Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0 | spa |
| dc.rights.spa | Acceso abierto | spa |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc-sa/4.0/ | eng |
| dc.subject.jel | D61 - Allocative Efficiency; Cost-Benefit Analysis | eng |
| dc.subject.jel | H40 - Publicly Provided Goods: General | eng |
| dc.subject.jel | R53 - Public Facility Location Analysis; Public Investment and Capital Stock | eng |
| dc.subject.keyword | NIMBY | eng |
| dc.subject.keyword | LULU | eng |
| dc.subject.keyword | Lindahl outcomes | eng |
| dc.subject.keyword | Public projects | eng |
| dc.subject.keyword | Mechanism design | eng |
| dc.subject.lemb | Carga fiscal | spa |
| dc.title | Lindahl vs. Lindahl: Optimal siting and sizing of a noxious facility | eng |
| dc.type | Working paper | eng |
| dc.type.hasversion | Published Version | eng |
| dc.type.spa | Documentos de Trabajo | spa |
