A comment on the role of prices for excludable public goods |
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| Authors: | Gilbert E Metcalf Jongsang Park |
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| Institution: | (1) Department of Economics, Tufts University, Medford, MA 02155, USA;(2) National Bureau of Economic Research, 1050 Massachusetts Avenue, Cambridge, MA 02138, USA;(3) Department of Economics, University of Michigan, 611 Tappan St., Ann Arbor, MI 48109-1220, USA |
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| Abstract: | Blomquist and Christensen (2005). The role of prices for excludable public goods, International Tax and Public Finance, 12 ,61–79] argue that welfare is initially decreasing in the price of an excludable public good and that the case for a positive
price for an excludable public good price is weak. We argue that this result follows from their particular characterization
of the public good and that an alternative and equally reasonable characterization overturns their result. Hence, the policy
case for a positive price on the public good is stronger than Blomquist and Christiansen suggest.
JEL Classification H21 · H41 |
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| Keywords: | Public goods Optimal second-best taxation |
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