An Axiomatic Approach to Cost Allocation for Public Investment

E. Loehman and A. Whinston
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E. Loehman: University of Florida (Gainesville)
A. Whinston: Purdue University

Public Finance Review, 1974, vol. 2, issue 2, 236-250

Abstract: A previously presented charge scheme for public investments is derived here from a set of axioms. It is argued that these axioms embody a definition of equity in allocating the costs of a public facility and could serve as a constitution which would be agreed on by users of a public facility. Consideration is also given to optimality properties of the charge scheme in encouraging the formation of coalitions to undertake joint investments.

Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:2:y:1974:i:2:p:236-250

DOI: 10.1177/109114217400200205

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