Massiani, Jérôme; Picco, Gabriele - Dipartimento di Economia, Università Ca' Foscari Venezia - 2014
This paper reviews the main conceptual issues regarding the notion of Opportunity Cost of Public Funds (OCPF) and its use in normative economics. This notion occupies only a marginal and sometimes anecdotal role in the public economic literature and appears to be too often used without the...