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Shadow-Pricing Interpretation of the Pigovian Rule for the Optimal Provision of Public Goods: A Note

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Author Info
Atsushi Tsuneki ()

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Abstract

The Pigovian rule for the optimal public goods provision with distortionary taxation is given a new interpretation. It relates the Pigovian rule to project evaluation rules in terms of shadow prices. Our formula for the Pigovian rule is compared with that given by existing literature for cases in which commodity taxes are set optimally to articulate the implications of their results. This approach also renders a clear insight on the nature of resource allocation and income redistribution effect involved in the public goods provision in a heterogeneous-consumers economy. Copyright Kluwer Academic Publishers 2002

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File URL: http://hdl.handle.net/10.1023/A:1014473909575
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Publisher Info
Article provided by Springer in its journal International Tax and Public Finance.

Volume (Year): 9 (2002)
Issue (Month): 1 (January)
Pages: 93-104
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Handle: RePEc:kap:itaxpf:v:9:y:2002:i:1:p:93-104

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Web page: http://www.springerlink.com/link.asp?id=102915

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Related research
Keywords: Pigovian rule; public goods; project evaluation; shadow prices;

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  1. Hylland, Aanund & Zeckhauser, Richard, 1979. " Distributional Objectives Should Affect Taxes but not Program Choice or Design," Scandinavian Journal of Economics, Blackwell Publishing, vol. 81(2), pages 264-84.
  2. Tsuneki, Atsushi, 1993. "Project Evaluation Rules for the Provision of Public Goods Reconsidered," Public Finance = Finances publiques, , vol. 48(2), pages 268-87.
  3. Batina, Raymond G., 1990. "On the interpretation of the modified samuelson rule for public goods in static models with heterogeneity," Journal of Public Economics, Elsevier, vol. 42(1), pages 125-133, June. [Downloadable!] (restricted)
  4. Atkinson, Anthony B & Stern, N H, 1974. "Pigou, Taxation and Public Goods," Review of Economic Studies, Blackwell Publishing, vol. 41(1), pages 119-28, January. [Downloadable!] (restricted)
  5. Lau, Lawrence J & Sheshinski, Eytan & Stiglitz, Joseph E, 1978. "Efficiency in the Optimum Supply of Public Goods," Econometrica, Econometric Society, vol. 46(2), pages 269-84, March. [Downloadable!] (restricted)
  6. Wildasin, David E, 1984. "On Public Good Provision with Distortionary Taxation," Economic Inquiry, Oxford University Press, vol. 22(2), pages 227-43, April.
  7. Wildasin, David E., 1979. "Public good provision with optimal and non-optimal commodity taxation : The single-consumer case," Economics Letters, Elsevier, vol. 4(1), pages 59-64. [Downloadable!] (restricted)
  8. Diamond, P. A., 1975. "A many-person Ramsey tax rule," Journal of Public Economics, Elsevier, vol. 4(4), pages 335-342, November. [Downloadable!] (restricted)
    Other versions:
  9. Hammond, Peter J., 1986. "Project evaluation by potential tax reform," Journal of Public Economics, Elsevier, vol. 30(1), pages 1-36, June. [Downloadable!] (restricted)
  10. Diewert, W. E., 1983. "Cost-benefit analysis and project evaluation : A comparison of alternative approaches," Journal of Public Economics, Elsevier, vol. 22(3), pages 265-302, December. [Downloadable!] (restricted)
  11. Robin Boadway & Michael Keen, 1991. "Public Goods, Self-Selection and Optimal Income Taxation," Working Papers 828, Queen's University, Department of Economics.
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  12. Christiansen, Vidar, 1981. "Evaluation of Public Projects under Optimal Taxation," Review of Economic Studies, Blackwell Publishing, vol. 48(3), pages 447-57, July. [Downloadable!] (restricted)
  13. Konishi, Hideo, 1995. "A Pareto-improving commodity tax reform under a smooth nonlinear income tax," Journal of Public Economics, Elsevier, vol. 56(3), pages 413-446, March. [Downloadable!] (restricted)
  14. Ballard, Charles L & Fullerton, Don, 1992. "Distortionary Taxes and the Provision of Public Goods," Journal of Economic Perspectives, American Economic Association, vol. 6(3), pages 117-31, Summer. [Downloadable!] (restricted)
    Other versions:
  15. Weymark, John A., 1979. "A reconciliation of recent results in optimal taxation theory," Journal of Public Economics, Elsevier, vol. 12(2), pages 171-189, October. [Downloadable!] (restricted)
  16. Atsushi Tsuneki, 1989. "The Measurement of the Benefits of Public Inputs with Distortionary Taxation," Canadian Journal of Economics, Canadian Economics Association, vol. 22(4), pages 885-91, November. [Downloadable!] (restricted)
  17. Dreze, Jean & Stern, Nicholas, 1987. "The theory of cost-benefit analysis," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 2, chapter 14, pages 909-989 Elsevier. [Downloadable!] (restricted)
  18. Besley, Timothy & Jewitt, Ian, 1991. "Decentralizing Public Good Supply," Econometrica, Econometric Society, vol. 59(6), pages 1769-78, November. [Downloadable!] (restricted)
  19. Sandmo, Agnar, 1998. "Redistribution and the marginal cost of public funds," Journal of Public Economics, Elsevier, vol. 70(3), pages 365-382, December. [Downloadable!] (restricted)
  20. Tsuneki, A., 1992. "Project Evaluation Rules for the Provision of Public Goods Reconsidered," Papers 262, Osaka - Institute of Social and Economic Research.
  21. King, Mervyn A., 1986. "A pigovian rule for the optimum provision of public goods," Journal of Public Economics, Elsevier, vol. 30(3), pages 273-291, August. [Downloadable!] (restricted)
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