Our analysis has incorporated important comparative strengths and weaknesses of public vs. private finance of collective goods. However, we have abstracted from other factors relevant to the comparison. For example, while allowing taxes to deviate from benefits, it was assumed that such taxes...

Our paper has considered possible justifications for compensation in the specific context of the Airline Deregulation Act of 1978. While the concept of severance pay for dislocations caused by deregulation is consistent with all of the pro-compensation rationales discussed in Section 4, specific...

The effects of the favorable tax treatment of nonprofit commercial activities are best understood in a framework which explicitly accounts for the interaction between differential taxation and the preferences of nonprofit executives who may be averse to commercial activity, donors whose giving...

When the government institutes a program thought to be useful for society as a whole, such as building a highway or controlling air pollution, those that benefit from such programs are usually quite different from those that bear its costs. Sometimes the ...

Rapid economic growth along shorelines places property in harm's way because of exposure to storms, and has sparked debate about the government's role in attenuating the associated risks faced by beachfront property owners. This paper analyzes the effects of government shore protection...