Clarke's Perfect Revelation or Perfect Cheating
6 Pages Posted: 3 Nov 2015 Last revised: 25 Dec 2017
Date Written: November 1, 2015
Abstract
This paper proves that Clarke’s mechanism to reveal consumer’s demand is nothing but a tautology. He added up the parts to form the sum, and used the sum to find the parts. The so-called Clarke tax is nothing but smoke to distract our attention.
Keywords: Public Finance, Bargaining
JEL Classification: H41, C78
Suggested Citation: Suggested Citation
Choi, Hak, Clarke's Perfect Revelation or Perfect Cheating (November 1, 2015). Available at SSRN: https://ssrn.com/abstract=2684618 or http://dx.doi.org/10.2139/ssrn.2684618
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