Tradeoff Between Marginal Welfare Costs

Mário Silva
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Mário Silva: Faculty of Economics, University of Oporto

Notas Económicas, 2005, issue 22, 51-67

Abstract: This paper studies the implications of a tradeoff between the social costs of public funding and the social costs of monopoly in a framework of government procurement and a framework of regulation both under incomplete information. The directions of cost, effort and output distortions are determined with reference to the complete information benchmark.

JEL-codes: D82 H57 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:gmf:journl:y:2005:i:22:p:51-67

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