“Public goods”: An exercise in calibration |
| |
Authors: | John Hudson Philip Jones |
| |
Affiliation: | 1. Department of Economics, University of Bath, Bath, BA2 7AY, UK
|
| |
Abstract: | This paper considers a measure of the “publicness” of goods and services implicit in responses that individuals make when asked about public sector spending. At the limit, all consumers consume equal amounts of a public good. Thus any differences between an individual's self-interest preferences and public-interest preferences cannot be based on differential provision, but only on differences in the individual's public- and self-interest utility functions. If we rule out the latter, self-interest and public-interest preferences for a pure public good are identical. Using sample survey data it is possible to calibrate the public good content of different public goods. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|