Halonsen, L.; Mathiesen, L. - Norges Handelshøyskole (NHH) - 1998
Triest (1990) argues that measuring the marginal cost of public funds (MCF) and the marginal excess burden (MEB) requires equivalent variation measures: MCF should be evaluated at consumer prices while MEB requires the use of producer prices. This paper follows up on Triest's argument by showing...