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Toward an Efficiency Rationale for the Public Provision of Private Goods

the private good improves economic efficiency under a condition that is always fulfilled under stochastic independence and satisfied for an open set of joint distributions. Our model is an example where there is an efficiency loss from separating revenue and expenditure problems, and is therefore of more general interest for the study of optimal taxation.
Year of publication:
2008
Authors: Fang, Hanming ; Norman, Peter
Institutions: Society for Economic Dynamics - SED
Series:
Type of publication: Book / Working Paper
Notes:
The text is part of a series 2008 SED Meeting Papers Number 1097
Source:
Persistent link: https://ebvufind01.dmz1.zbw.eu/10010554936
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