This paper uses a mixed oligopoly model to examine the relationship between the privatization of a public firm and government preferences for tax revenue. From a public choice viewpoint, we assume the government prefers tax revenue to the sum of consumer and producer surplus, whereas the public...

This paper uses a mixed oligopoly model to examine the relationship between the privatization of a public firm and government preferences for tax revenue. From a public choice viewpoint, we assume the government prefers tax revenue to the sum of consumer and producer surplus, whereas the public...

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...

In this note we analyse the provision of a pure public good with non constant production cost in the context of a federation of jurisdictions with two tiers of Government: the central and the local. The central government aims at welfare maximization but this objective is constrained to the use...

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...

This note shows that if commodities are tradable across jurisdictions, then it may be efficient to have heterogeneously sized jurisdictions, even if (i) consumers are identical, (ii) there is one private good and one public good, (iii) utility and production functions are not affected by...

The problems of crime and the quality of justice have become central issues in public debate and important public policy concerns in a number of Caribbean countries. This problem is perhaps most acute in Jamaica which has acquired an unenviable reputation for having a high rate of violent crime....

This paper examines the cyclicality of Japanese public investment for the prefectural-level business cycles as well as for the aggregate ones. We estimate the public investment reaction function, in which regional business cycles are explicitly discriminated from national business fluctuations...

The problems of crime and the quality of justice have become central issues in public debate and important public policy concerns in a number of Caribbean countries. This problem is perhaps most acute in Jamaica which has acquired an unenviable reputation for having a high rate of violent crime....

This paper provides a simple general equilibrium model with productive public spending and distorting taxes. The optimal conditions for the provision of public inputs are obtained under different tax systems. Also we discuss which factors affect the marginal cost of public funds.