This paper shows that Wilson's social utility function, if any, is morally incorrect. It is as incorrect as to kill someone in order to save another. This paper further proves that his convex indifference curve turns out to be a concave utility possibility curve. This paper also proves that...

This paper shows that Smith has applied a wrong theory to explain public good financing. The result will be insufficient fund for any public project. Instead of encouraging people to honestly reveal their preference, Smith is encouraging them to cheat

This paper proves that forming coalition to bargain is detrimental to the allied members. The reason is simple: when the coalition obtains the same award as a single member, each of the allied members obtains a smaller amount. Though coalition members may benefit when the object is cost,...

This paper proves that Lindahl has confused cost with benefit. He viewed public good as benefit and people will fight to take a larger share of the good. This paper proves that his model could not accommodate the public good, but the cost of the good. When a person has to take up the burden of...

This paper attempts to achieve three targets: First, to prove that Tiebout's local expenditure theory is wasteful; Second, to show how private firms can efficiently supply public goods; Third, to work out the optimal pricing policy for using public goods. In addition, this paper rejects setting...

Wicksell advocates unanimous consent for providing public goods. This paper reviews some existing works to fulfill Wicksell’s dream and proves that they are all ineffective. It then develops a model to solve for both the tax rate and the contribution simultaneously. It further proves that such...