Financing and the Optimal Provision of Public Expenditure by Decentralized Agencies.

It has realized since Pigou (1947) that if public goods are financed by distortionary taxation, the marginal social cost of providing the public good will exceed the actual resource cost by the marginal deadweight cost of taxation.

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Year of publication:	1996
Authors:	Boadway, R ; Horiba, I ; Jha, R
Institutions:	Department of Economics, University of Warwick
Subject:	PUBLIC GOODS \| PUBLIC EXPENDITURES \| TAXATION

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Series:	The Warwick Economics Research Paper Series (TWERPS).
Type of publication:	Book / Working Paper
Notes:	25 pages
Classification:	H21 - Efficiency; Optimal Taxation ; H41 - Public Goods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005146941