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expenditures, taxes, and rates of return to explain anomalies in which richer political units deliver less education than poorer …
Persistent link: https://www.econbiz.de/10012463158
Attempting to shed light on the optimal size of government, economists have analyzed planning problems that specify a set of feasible taxation-spending policies and a social welfare function. The analysis characterizes the optimal policy choice of a planner who knows the welfare achieved by each...
Persistent link: https://www.econbiz.de/10012460456