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Fiscal policies in highly unequal societies: implications for agricultural growth
López, Ramón - In: The Electronic Journal of Agricultural and Development … 4 (2007) 1, pp. 123-145
The paper discusses the economic effects of misallocation of public expenditures in favor of private goods rather than public goods. It first lays out certain key hypotheses regarding the consequences of the apparent public sector allocation inefficiency and the factors that explain this...
Persistent link: https://www.econbiz.de/10005755098
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Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth
Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006
voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective … transfers). It implies: (i) the Pareto-inefficiency of the non-cooperative interaction of individual altruistic transfers; (ii …) the neutralization of public transfers by individual altruistic transfers; (iii) and the crowding out of private …
Persistent link: https://www.econbiz.de/10014023678
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Coase Minus the Coase Theorem - Some Problems with Chicago Transaction Cost Analysis
Schlag, Pierre - 2013
In law as well as economics, the most well-known aspect of Coase's “The Problem of Social Cost,” is the Coase Theorem. Over the decades, that particular notion has morphed into a crucial component of Chicago law and economics — namely, transaction cost analysis. In this Article, I...
Persistent link: https://www.econbiz.de/10013076720
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Merit Goods
Cserne, Péter - 2018
public finance. He pointed out that certain goods such as free school lunches or subsidies to low cost housing did not have …
Persistent link: https://www.econbiz.de/10012928121
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Socially Responsible Investment in General Equilibrium
Beltratti, Andrea - 2003
Socially responsible investment in analyzed in a general equilibrium context. This is important in order to understand the ultimate consequences of SRI on the decisions of economic agents. Building on models by Brock (1982) and Merton (1987), SRI is modelled as the choice to voluntarily give up...
Persistent link: https://www.econbiz.de/10011325126
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A Network Approach to Public Goods
Elliott, Matthew - 2019
Suppose agents can exert costly effort that creates nonrival, heterogeneous benefits for each other. At each possible outcome, a weighted, directed network describing marginal externalities is defined. We show that Pareto efficient outcomes are those at which the largest eigenvalue of the...
Persistent link: https://www.econbiz.de/10012904900
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Socially responsible investment in general equilibrium
Beltratti, Andrea - 2003
Socially responsible investment in analyzed in a general equilibrium context. This is important in order to understand the ultimate consequences of SRI on the decisions of economic agents. Building on models by Brock (1982) and Merton (1987), SRI is modelled as the choice to voluntarily give up...
Persistent link: https://www.econbiz.de/10011592922
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Existence and Regularity of Equilibria in a General Equilibrium Model with Private Provision of a Public Good
Villanacci, Antonio; Zenginobuz, Ünal - 2006
We prove existence and generic regularity of equilibria in a general equilibrium model of a completely decentralized pure public good economy. Competitive firms using private goods as inputs produce the public good, which is privately provided by households. Previous studies on private provision...
Persistent link: https://www.econbiz.de/10014068959
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Socially Responsible Investment in General Equilibrium
Beltratti, Andrea - Fondazione ENI Enrico Mattei (FEEM) - 2003
Socially responsible investment in analyzed in a general equilibrium context. This is important in order to understand the ultimate consequences of SRI on the decisions of economic agents. Building on models by Brock (1982) and Merton (1987), SRI is modelled as the choice to voluntarily give up...
Persistent link: https://www.econbiz.de/10005423067
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Externalities and Fundamental Nonconvexities : A Reconciliation of Approaches to General Equilibrium Externality Modelling and Implications for Decentralization
Murty, Sushama - Department of Economics, University of Warwick - 2006
By distinguishing between producible and nonproducible public goods, we are able to propose a general equilibrium model with externalities that distinguishes between and encompasses both the Starrett [1972] and Boyd and Conley [1997] type external effects. We show that while nonconvexities...
Persistent link: https://www.econbiz.de/10005747105