Per-Olov Johansson (Stockholm School of Economics), Bengt Kristrom (SLU-Umea)

The Marginal Cost of Public Funds

• Broschiertes Buch

Produktbeschreibung

This Element introduces the concept of the marginal cost of public funds (MCPF), sketches its history, and discusses a number of applications. It does this by undertaking economic evaluations of public sector projects involving a pure public good. This title is also available as Open Access on Cambridge Core.

Produktdetails

• Elements in Public Economics
• Verlag: Cambridge University Press
• Seitenzahl: 90
• Erscheinungstermin: 6. Mai 2025
• Englisch
• Abmessung: 229mm x 152mm x 5mm
• Gewicht: 144g
• ISBN-13: 9781009620482
• ISBN-10: 1009620487
• Artikelnr.: 73789950

Inhaltsangabe

1. Introduction
2. Notes on the history of the MCPF
3. The MCPF under lump-sum taxation
4. Ramsey taxation
5. A Smörgåsbord of further topics in variations of the basic model
6. Extension to a world with many goods and factors and to an intertemporal world
7. Optimal and non-optimal income distributions
8. A few reflections on empirical approaches
Appendix A. The basic utility maximization problem
Appendix B. A numerical and graphical illustration of the MCPF vs. MEB
Appendix C. A tax on emissions
Appendix D. A private-sector project
Appendix E. Endogenous wage rate
Appendix F. A general equilibrium MCPF
Appendix G. A simple intertemporal extension
References.