An Investigation into Alternative Representations of the Marginal Cost of Public Funds

Lars Hokonsen

International Tax and Public Finance, 1998, vol. 5, issue 3, 329-343

Abstract: The literature on the marginal cost of public funds (MCF) and the marginal excess burden is presently a very rich one. A problem with this literature, is that several different measures are interpreted as MCF. This paper derives and compares some commonly used measures, and introduces an alternative. Performing a cross-comparison of the various measures seems to be a useful exercise in order to be able to distinguish between which measure is telling us what. Such a taxonomy might clarify the sense in which the different concepts should be used in future writings on this field. Copyright Kluwer Academic Publishers 1998

Keywords: Tax distortions; excess burden; cost of public funds (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (12)

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DOI: 10.1023/A:1008686227749

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