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providing both productive and utility services to the private sector. When these services are subject to congestion, a … tax alone. In correcting for congestion, an income tax-consumption subsidy combination is the preferred policy when factor … lead to misleading predictions regarding the e ect of public policies on welfare. …
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switch to private provision welfare improving for all agents including public employees. …
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We study the differences between public production and public finance of public goods in a dynamic general equilibrium model. Under public production, public goods are produced by the government. Under public finance, the same amount of public goods is produced by cost-minimizing private...
Persistent link: https://www.econbiz.de/10010939866
will make to the welfare of Canadians. Traditionally, productivity growth was thought to contribute to increased leisure …In this chapter, Joseph Heath argues that we tend to overestimate the contribution that further productivity growth …, productivity growth has contributed less and less to the well-being of Canadians. The key puzzle for Heath is why further economic …
Persistent link: https://www.econbiz.de/10005650206
switch to private provision welfare improving for all agents including public employees. …
Persistent link: https://www.econbiz.de/10009150635
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missing. We empirically estimate these welfare bounds for rural electrification in South Africa, and show that congestion …-migration, congestion of other local publicly provided goods may offset the direct benefits. Using the example of rural household … electrification in South Africa, we demonstrate the importance of accounting for migration when evaluating welfare gains of spatial …
Persistent link: https://www.econbiz.de/10011209902