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The Marginal Cost of Public Funds is One

Jacobs, Bas - Nationalekonomiska Institutionen, Uppsala Universitet - 2011

distortionary taxes, and the modified Samuelson rule should not be corrected for the marginal cost of public funds. …

Persistent link: https://www.econbiz.de/10009147383

INEQUALITY IN MILITARY EXPENDITURES AND THE SAMUELSON RULE

Groot, Loek; Berg, Vincent van den - In: Defence and Peace Economics 20 (2009) 1, pp. 43-67

Samuelson rule to explain the distribution of military expenditures across countries over time. According to the constant … defence burden interpretation of the Samuelson rule, corresponding to the diagonal in the Lorenz diagram, the defence burdens … explained by the Samuelson rule. We then go beyond the Samuelson rule to see which countries spend much more or less than …

Persistent link: https://www.econbiz.de/10005495953

Public inputs and the credit market

Kamath, Rajalaxmi - In: International Tax and Public Finance 13 (2006) 6, pp. 733-753

This paper studies the impact of public goods provision in an adverse selection environment. Public inputs used collectively by firms have indirect spillovers in imperfect credit markets by affecting the random returns of borrowers in this market. Public inputs change the nature of the binding...

Persistent link: https://www.econbiz.de/10005068061