In-Kind Distribution, Uncertainty, and Merit Wants: a Simple Model

Alistair Munro

Public Finance Review, 1992, vol. 20, issue 2, 175-194

Abstract: This article considers the direct provision of merit goods when consumers and the government hold different sets of beliefs about the likelihood of uncertain events. In a simple model, it is shown that direct provision of the good can outperform tax and subsidy systems when consumers differ only in their beliefs. However, when agents differ in other characteristics, it is demonstrated that transfers in-kind need not raise welfare.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:20:y:1992:i:2:p:175-194

DOI: 10.1177/109114219202000203

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