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This paper shows that public provision of private goods may be justified on pure efficiency grounds in an environment where individuals have relative consumption concerns. By providing private goods, governments directly intervene in the consumption structure, thereby having an instrument to...
Persistent link: https://www.econbiz.de/10010769212
This paper shows that the public provision of private goods may be justified on pure efficiency grounds in an environment where individuals have relative consumption concerns. By providing private goods, governments directly intervene in the consumption structure, and thereby have an instrument...
Persistent link: https://www.econbiz.de/10011619899
This paper shows that the public provision of private goods may be justified on pure efficiency grounds in an environment where individuals have relative consumption concerns. By providing private goods, governments directly intervene in the consumption structure, and thereby have an instrument...
Persistent link: https://www.econbiz.de/10011626732
This paper shows that the public provision of private goods may be justified on pure efficiency grounds in an environment where individuals have relative consumption concerns. By providing private goods, governments directly intervene in the consumption structure, and thereby have an instrument...
Persistent link: https://www.econbiz.de/10011663462
This paper shows that the public provision of private goods may be justified on pure efficiency grounds in an environment where individuals have relative consumption concerns. By providing private goods, governments directly intervene in the consumption structure, and thereby have an instrument...
Persistent link: https://www.econbiz.de/10011625625
The author reviews recent studies that investigate how social status concerns influence individual preferences for … concerns are defined and the different formalizations of the notion of social status that the authors provide. …
Persistent link: https://www.econbiz.de/10011892338
The author reviews recent studies of how social status concerns influence individual preferences for redistribution and … defined and the different formalizations of the notion of social status that the authors provide. …
Persistent link: https://www.econbiz.de/10011816453
Government may provide a good that can, if legally permitted, be supplemented by private purchases. Policy is determined by majority rule. Under standard assumptions on preferences, a majority voting equilibrium exists. A regime of positive government provision with no restriction on private...
Persistent link: https://www.econbiz.de/10014112021
This paper analyses the optimal tax policy and public provision of private goods when individuals differ in two respects: income-earning ability and rationality. Publicly provided goods should be overprovided or subsidised, relative to the decentralised optimum, if society's marginal valuation...
Persistent link: https://www.econbiz.de/10010261191
This paper analyses the optimal tax policy and public provision of private goods when individuals differ in two respects: income-earning ability and rationality. Publicly provided goods should be overprovided or subsidised, relative to the decentralised optimum, if society’s marginal valuation...
Persistent link: https://www.econbiz.de/10005765898