Public Good Provision under Uncertainty

Thomas R Dalton

Public Finance = Finances publiques, 1988, vol. 43, issue 1, 56-66

Abstract: This paper develops a measure to determine which is the superior decision apparatus when benefits and costs are not known with certainty The primary result is that the choice of control depends upon the homogeneity of the population, and the slopes of the marginal cost and marginal benefit functions for the public good. The general conclusion is that prices can provide a useful policy tool for local issues, but quantities remain the dominant choice for national decisions.

Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pfi:pubfin:v:43:y:1988:i:1:p:56-66

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