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Some papers have disputed when cost differentials among privately provided public goods make income transfer policy effective. This paper clarifies the different assumptions underlying this disputation and shows that original cost equalization is a necessary and sufficient condition to hold the...
Persistent link: https://www.econbiz.de/10005094743
Some papers have disputed when cost differentials among privately provided public goods make income transfer policy effective. This paper clarifies the different assumptions underlying this disputation and shows that original cost equalization is a necessary and sufficient condition to hold the...
Persistent link: https://www.econbiz.de/10010630254