Some Implications of Beliefs for the Public and Private Sectors

Richard Carter

Canadian Journal of Economics, 1988, vol. 21, issue 4, 775-84

Abstract: In this paper, the Lancaster-Becker approach to consumer choices is used to show that because private and public goods possess "credence " characteristics, there is room for cognitive dissonance and permanent misperceptions that have peculiar efforts on advertising, as well as public and private expenditures.

Date: 1988
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