Assume that a public program -- whether in the form of public expenditures or regulation of private activities -- provides not only a public good to consumers but also a collective input (say, a less polluted water source for brewers, or better roads for their trucks). In a context of optimal taxation and constant returns to scale, the author shows that only the direct benefits to consumers in the form of a public good are adjusted by the shadow price...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2000/12/31
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Рабочий документ в рамках исследования вопросов политики
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WPS2507
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1
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1
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2010/07/01
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Public expenditures and environmental protection : when is the cost of funds irrelevant?
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public good
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