An Investigation into Alternative Representations of the Marginal Cost of Public Funds
The literature on the marginal cost of public funds (MCF) and the marginal excess burden is presently a very rich one. A problem with this literature, is that several different measures are interpreted as MCF. This paper derives and compares some commonly used measures, and introduces an alternative. Performing a cross-comparison of the various measures seems to be a useful exercise in order to be able to distinguish between which measure is telling us what. Such a taxonomy might clarify the sense in which the different concepts should be used in future writings on this field. Copyright Kluwer Academic Publishers 1998
Year of publication: |
1998
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Authors: | Hokonsen, Lars |
Published in: |
International Tax and Public Finance. - Springer, ISSN 0927-5940. - Vol. 5.1998, 3, p. 329-343
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Publisher: |
Springer |
Subject: | Tax distortions | excess burden | cost of public funds |
Saved in:
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