Toward an Efficiency Rationale for the Public Provision of Private Goods

Hanming Fang and Peter Norman
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Peter Norman: University of North Carolina

No 1097, 2008 Meeting Papers from Society for Economic Dynamics

Abstract: the private good improves economic efficiency under a condition that is always fulfilled under stochastic independence and satisfied for an open set of joint distributions. Our model is an example where there is an efficiency loss from separating revenue and expenditure problems, and is therefore of more general interest for the study of optimal taxation.

Date: 2008
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Related works:
Journal Article: Toward an efficiency rationale for the public provision of private goods (2014)
Working Paper: Toward an Efficiency Rationale for the Public Provision of Private Goods (2010)
Working Paper: Toward an Efficiency Rationale for the Public Provision of Private Goods (2008)
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