MRS Functions and the Pareto Interval in Public Good Provision

Kleinberg Norman L. () and Ma Barry K. ()
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Kleinberg Norman L.: Department of Economics & Finance, Baruch College and the Graduate Center, The City University of New York, One Bernard Baruch Way, Box B10-225, New York, NY 10010, USA
Ma Barry K.: Department of Economics & Finance, Baruch College and the Graduate Center, The City University of New York, One Bernard Baruch Way, Box B10-225, New York, NY 10010, USA

The B.E. Journal of Economic Analysis & Policy, 2023, vol. 23, issue 2, 525-535

Abstract: The Lindahl-Samuelson condition is adapted to derive the range, or interval, of the efficient/Pareto levels of a public good. The size and bounds of the interval are shown to be dependent on the curvature of the marginal rate of substitution functions and the degree of heterogeneity of preferences. A policy implication is that unlike Nash or private provision, the relationship between the efficient level of a public good and income inequality can be ambiguous.

Keywords: MRS function; Lindahl-Samuelson condition; Pareto interval; income distribution (search for similar items in EconPapers)
JEL-codes: D61 D62 H00 H41 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1515/bejeap-2022-0300

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