Narrow search
Showing 1 - 10 of 1,475
Cover Image
The costs and benefits of providing open space in cities
Rouwendal, Jan; Straaten, J. Willemijn van der - 2008
Although many researchers have investigated the value of open space in cities, few of them have compared them to the costs of providing this amenity. In this paper, we use the monocentric model of a city to derive a simple cost-benefit rule for the optimal provision of open space. The rule is...
Persistent link: https://www.econbiz.de/10011373817
Cover Image
Valuing Public Goods : The Life Satisfaction Approach
Stutzer, Alois; Luechinger, Simon; Frey, Bruno S. - 2004
This paper discusses a novel approach to elicit people's preferences for public goods, namely the life satisfaction approach. Reported subjective well-being data are used to directly evaluate utility consequences of public goods. The strengths of this approach are compared to traditional...
Persistent link: https://www.econbiz.de/10014071402
Cover Image
Valuing Public Goods : The Life Satisfaction Approach
Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - 2021
This paper discusses a novel approach to elicit people's preferences for public goods, namely the life satisfaction approach. Reported subjective well-being data are used to directly evaluate utility consequences of public goods. The strengths of this approach are compared to traditional...
Persistent link: https://www.econbiz.de/10013319367
Cover Image
The marginal cost of public funds : a brief guide
Bastani, Spencer - 2023
When deciding on the social desirability of public investment, the cost of a project is sometimes adjusted by a factor known as the Marginal Cost of Public Funds (MCPF) which captures the cost of raising public funds through distortionary taxation. However, there is no scholarly consensus on...
Persistent link: https://www.econbiz.de/10014234016
Cover Image
The marginal cost of public funds : a brief guide
Bastani, Spencer - 2023
When deciding on the social desirability of public investment, the cost of a project is sometimes adjusted by a factor known as the Marginal Cost of Public Funds (MCP F ), which captures the cost of raising public funds through distortionary taxation. However, there is no scholarly consensus on...
Persistent link: https://www.econbiz.de/10014299347
Cover Image
An analysis of peer effects on vaccination behavior using a model of privately provided public goods
Ibuka, Yoko; Itaya, Jun-ichi; Miyazato, Naomi - 2018
Traditional economic models of vaccination behavior simply assume that agents free-ride on the vaccination decisions of … conjectural variation model, to explain how a positive peer effect regarding vaccination behavior arises. We conduct two empirical … studies using Japanese data in these models. The first empirical analysis, using a data set on the vaccination behavior of …
Persistent link: https://www.econbiz.de/10011805101
Cover Image
Public Goods in a Voluntary Federal Union: Implications of a Participation Constraint
Aronsson, Thomas; Micheletto, Luca; Sjögren, Tomas - Institutionen för Nationalekonomi, Umeå Universitet - 2012
This paper re-examines the question of whether federal ex-post redistribution in terms of public funds leads to under-provision of public goods by adding the assumption that the member states are free to leave the economic federation. We show that federal ex-post redistribution no longer...
Persistent link: https://www.econbiz.de/10010818887
Cover Image
On strong independence of allocative efficiency from distribution in the theory of public goods
Kleinberg, Norman L.; Ma, Barry K.; Weiss, Jeffrey H. - In: Economics Letters 116 (2012) 3, pp. 343-345
We extend Bergstrom and Cornes (1983) to show that for strong independence of efficient allocations from distribution in a public goods economy, the utility functions of all consumers must identically be of the form: A(Y)Xi, where Y and Xi are respectively the quantities of public good and...
Persistent link: https://www.econbiz.de/10011041597
Cover Image
Public Goods in a Voluntary Federal Union: Implications of a Participation Constraint
Aronsson, Thomas; Micheletto, Luca; Sjögren, Tomas - Nationalekonomiska Institutionen, Uppsala Universitet - 2012
This paper re-examines the question of whether federal ex-post redistribution in terms of public funds leads to under-provision of public goods by adding the assumption that the member states are free to leave the economic federation. We show that federal ex-post redistribution leads to e¢...
Persistent link: https://www.econbiz.de/10010945032
Cover Image
A note on public goods in a decentralized fiscal union: Implications of a participation constraint
Aronsson, Thomas; Micheletto, Luca; Sjögren, Tomas - In: Journal of Urban Economics 84 (2014) C, pp. 1-8
This paper re-examines the question of whether federal ex-post redistribution in terms of public funds leads to under-provision of public goods when member states may leave the economic federation. We show that federal ex-post redistribution under a binding participation constraint does not...
Persistent link: https://www.econbiz.de/10011077774