Decentralizing Public Goods Production

Michael Lundholm ()

Journal of Public Economic Theory, 2008, vol. 10, issue 2, 259-279

Abstract: Decentralized decisions, to a bureau with a given budget, about the production of public goods is analyzed within a general equilibrium model with a representative agent and no pure profits. Contrary to previous results on decentralization it is shown that sequential decentralization (i) does not necessarily imply aggregate production efficiency and (ii) need not be optimal even if all public goods are neutral. Also, cost‐benefit criteria are derived and the marginal cost of public funds is characterized.

Date: 2008
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://doi.org/10.1111/j.1467-9779.2008.00361.x

Related works:
Working Paper: Decentralising Public Goods Production (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jpbect:v:10:y:2008:i:2:p:259-279

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1097-3923

Access Statistics for this article

Journal of Public Economic Theory is currently edited by Rabah Amir, Gareth Myles and Myrna Wooders

More articles in Journal of Public Economic Theory from Association for Public Economic Theory Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().