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The Valuation of Public Goods

Paul Davidson

Chapter 35 in Inflation, Open Economies and Resources, 1991, pp 516-541 from Palgrave Macmillan

Abstract: Abstract The ultimate objective of all economic activity is to provide satisfaction or utility to consumers. This message has been the guiding principle for the studies of the economy from the time of Adam Smith through John Maynard Keynes.

Keywords: Public Good; Market Price; Market Failure; Consumer Surplus; Demand Curve (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11516-7_35

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DOI: 10.1007/978-1-349-11516-7_35

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