This paper seeks to reopen a discussion that the profession has considered settled and closed, namely, the issue of the optimal quantity of a public good to supply. Its focus is on the determination of the optimal quantity to supply of a public good in the Pigovian model as popularized by...

This paper revisited the analytics of the welfare significance of market imperfections using the industry concentration index. It reopened the issue of how best to measure the concentration index. Specifically, it developed a new market concentration index based on the Hirschman- Herfindahl...

The paper describes and analyses fiscal operations at the local level in order to improve understanding of fiscal federalism in Nigeria. The paper also tries to ascertain whether fiscal imbalances observed at both federal and state arms of government also exist at the local government level. The...