This Page is devoted to exploring recent advances in public goods decisionmaking, including applications of the
demand revealing process. The author is a Senior Economist in the U. S. Office of Management and Budget, Office of
Information and Regulatory Affairs.
See Ed Clarke's Home
Page
The demand revealing process has been widely regarded as a "solution" to the "free rider" problem in public
economics. See Public Goods Home Page Index
The demand revealing process has been called "a new and superior process for making social choices", a process that holds
some promise of "creating an intellectual revolution in economics and politics". It relies on a so-called "Clarke tax"
or "pivot mechanism" to ensure that individuals/groups will adequately consider the social cost of their influence on
social outcomes, thereby ensuring truthful revelation of preferences and overcoming the "free rider" problem of public
goods provisioning. This book outlines Clarke's approach to the use of demand revelation in the creation
of "demand revealing markets" accompanied by the improved management of social entitlements to public
goods and services. Based on these refinements, he shows ways of achieving improved government performance
relating to taxation, spending and government regulatory management.
See also Overview to Applications of Demand Revealing Processes and
A Simple Textbook Example
To summarize
from a forthcoming book:
A forthcoming reprint of my 1980 book, summarized above, describes recent advances toward application, oriented towards improved management of "entitlements" and the organization of "demand revealing markets" See Afterward to Demand Revelation and the Provision of Public Goods In addition to my work, applications of the process are explored from a more philosophical perspective in Edward Coverdale's Homepage, See A Stroll With Edward Coverdale and his Confessions of A Geoist.
More recent work on applications of the process relates to such areas as "global public goods", information technology management and the management of aviation.
See
Index and Links as well as a special
Applications Home Page for these and several other interesting applications of the process as well as recent advancements in the theory of demand revealing.
Thank you for visiting.
Edward H. Clarke, 4433 P St. NW - Washington, D. C. 20007