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Electronic Markets for the Allocation, Financing and Distribution of Public Goods 

Authors: Roumen Vragov; Nanda Kumar (Show Biographies)
DOI: 10.1080/10196780600999635
Publication Frequency: 4 issues per year
Published in: journal Electronic Markets, Volume 16, Issue 4 November 2006 , pages 274 - 281
Formats available: HTML (English) : PDF (English)

The circumstances under which this title is published have changed:

Reason for change: Change of Publisher
Now published by: Springer
Date of change: 2009



Abstract

Recent research on the usage of electronic markets in digital government has mostly focused on the government's executive branch. This paper discusses several conceptual concerns that obstruct the broader application of electronic market mechanisms to the legislative branch of the government instead. A systematic examination of these concerns shows that most of them are tractable, although further research is necessary to handle some of the complexities involved. We also show how electronic markets can be used not only to improve public decision-making within the parameters of existing political tradition but also to facilitate progressive changes in the organization of democratic governments.
Keywords: digital government; public goods; electronic market mechanisms; free rider problem
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