JOURNAL ARTICLE

MRS Functions and the Pareto Interval in Public Good Provision.

  • Published In: B.E. Journal of Economic Analysis & Policy, 2023, v. 23, n. 2. P. 525 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Kleinberg, Norman L.; Ma, Barry K. 3 of 3

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. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:B.E. Journal of Economic Analysis & Policy. 2023/04, Vol. 23, Issue 2, p525
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2023
  • ISSN:2194-6108
  • DOI:10.1515/bejeap-2022-0300
  • Accession Number:163019941
  • Copyright Statement:Copyright of B.E. Journal of Economic Analysis & Policy is the property of De Gruyter and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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