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The Case for Using the MVPF in Empirical Welfare Analysis

Author

Listed:
  • Nathaniel Hendren
  • Ben Sprung-Keyser

Abstract

This paper outlines the case for using the Marginal Value of Public Funds (MVPF) in empirical welfare analysis. It compares the MVPF approach with more traditional welfare metrics such as the Cost-Benefit Ratio and the Net Social Benefits criterion. It outlines the advantages of the MVPF approach relative to these metrics. In building the case for the MVPF, this paper also addresses several misconceptions about the MVPF that appear in recent literature.

Suggested Citation

  • Nathaniel Hendren & Ben Sprung-Keyser, 2022. "The Case for Using the MVPF in Empirical Welfare Analysis," NBER Working Papers 30029, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:30029
    Note: CH ED EEE EH IO LS PE
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    File URL: http://www.nber.org/papers/w30029.pdf
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    Cited by:

    1. Spencer Bastani, 2023. "The Marginal Cost of Public Funds: A Brief Guide," CESifo Working Paper Series 10322, CESifo.
    2. Tirole, Jean & Moisson, Paul-Henri & Dubois, Pierre, 2023. "The (Ir)Relevance of the Cooperative Form," TSE Working Papers 23-1453, Toulouse School of Economics (TSE).

    More about this item

    JEL classification:

    • H0 - Public Economics - - General

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