Tradeoff Between Marginal Welfare Costs
AbstractThis paper studies the implications of a tradeoff between the social costs of public funding and the social costs of monopoly in a framework of government procurement and a framework of regulation both under incomplete information. The directions of cost, effort and output distortions are determined with reference to the complete information benchmark.
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Bibliographic InfoArticle provided by Faculdade de Economia, Universidade de Coimbra in its journal Notas Económicas.
Volume (Year): (2005)
Issue (Month): 22 (December)
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Find related papers by JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
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