MRS Functions and the Pareto Interval in Public Good Provision-Reference-Cited by-同舟云学术

MRS Functions and the Pareto Interval in Public Good Provision

Published:2023-01-06 Issue:2 Volume:23 Page:525-535
ISSN:1935-1682
Container-title:The B.E. Journal of Economic Analysis & Policy
language:en
Short-container-title:

Author:

Kleinberg Norman L.¹^ORCID,Ma Barry K.¹

Affiliation:

1. Department of Economics & Finance , Baruch College and the Graduate Center, The City University of New York , One Bernard Baruch Way, Box B10-225 , New York , NY 10010 , USA

Abstract

Abstract The Lindahl-Samuelson condition is adapted to derive the range, or interval, of the efficient/Pareto levels of a public good. The size and bounds of the interval are shown to be dependent on the curvature of the marginal rate of substitution functions and the degree of heterogeneity of preferences. A policy implication is that unlike Nash or private provision, the relationship between the efficient level of a public good and income inequality can be ambiguous.

Funder

Baruch College Wasserman Fellowship Grant

Publisher

Walter de Gruyter GmbH

Subject

Economics, Econometrics and Finance (miscellaneous),Economics and Econometrics

Link

https://www.degruyter.com/document/doi/10.1515/bejeap-2022-0300/pdf

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