This paper investigates the informational requirements of resource allocation processes in public goods economies with any number of firms and commodities. We show that theLindahl mechanism is informationally effcient in the sense that it uses the smallest message space among smooth resource allocation processes that are informationally decentralized and realize Pareto optimal allocations over the class of public goods economies whereLindahl equilibria exist. Furthermore, we show that the Lindahl mechanism is the uniqueinformationally effcient decentralized mechanism that realizes Pareto effcient and individually rational allocations in public goods economies with Cobb-Douglas utility functions and quadratic production functions.
展开▼
