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Many public goods are characterized by rivalry and/or excludability. This paper introduces both non-excludable and … and user-cost structure. Our results emphasize the role of congestion in determining this optimal financing structure and …, depending upon the degree of congestion. We extend the model to allow for monopoly pricing of the user fee by the government …
Persistent link: https://www.econbiz.de/10002746082
Many public goods are characterized by rivalry and/or excludability. This paper introduces both non-excludable and … and user-cost structure. Our results emphasize the role of congestion in determining this optimal financing structure and …, depending upon the degree of congestion. We extend the model to allow for monopoly pricing of the user fee by the government …
Persistent link: https://www.econbiz.de/10003317052
with congestion. It is shown that the optimal amount of governmental input diminishes with uncertainty and that the optimal … deterministic congestion models, but also on the degree of risk aversion. …
Persistent link: https://www.econbiz.de/10011526036
Persistent link: https://www.econbiz.de/10013357748
Persistent link: https://www.econbiz.de/10013416474
relationship between congestion and the optimal second-best policy, on the one hand, and congestion and the long run growth rate …
Persistent link: https://www.econbiz.de/10011599032
-Douglas production, the congestion technology can be shown to be crucial for the analysis of efficiency in the decentralized equilibrium …. Assuming decreasing marginal congestion, efficiency in the non-cooperative equilibrium is determined alone by the production … and congestion elasticities. In contrast, factor prices such as the level of the wage rigidity and corresponding …
Persistent link: https://www.econbiz.de/10012419105
Persistent link: https://www.econbiz.de/10001392483
The paper develops an integrated model of optimal nonlinear income taxation, public-goods provision and pricing in a large economy. With asymmetric information about labour productivities and publicgoods preferences, the multidimensional mechanism design problem becomes tractable by requiring...
Persistent link: https://www.econbiz.de/10002526457
This paper studies the aggregate and distributional implications of introducing user fees for publicly provided excludable public goods into a model with consumption and income taxes. The setup is a neoclassical growth model where agents differ in earnings and second-best policy is chosen by a...
Persistent link: https://www.econbiz.de/10009571131