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A marginal cost of funds approach to multi-period public project evaluation: implications for the social discount rate

  • Liu, Liqun
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    File URL: http://www.sciencedirect.com/science/article/B6V76-44GMG56-2/2/9fd1bb7b02ee6614b8ad5769ed116437
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    Article provided by Elsevier in its journal Journal of Public Economics.

    Volume (Year): 87 (2003)
    Issue (Month): 7-8 (August)
    Pages: 1707-1718

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    Handle: RePEc:eee:pubeco:v:87:y:2003:i:7-8:p:1707-1718
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505578

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    1. Wilson, John Douglas, 1991. "Optimal Public Good Provision with Limited Lump-Sum Taxation," American Economic Review, American Economic Association, vol. 81(1), pages 153-66, March.
    2. Sandmo, Agnar & Dreze, Jacques H, 1971. "Discount Rates for Public Investment in Closed and Open Economies," Economica, London School of Economics and Political Science, vol. 38(152), pages 395-412, November.
    3. Ahmed, S. & Croushore, D., 1992. "The Marginal Cost of Funds with Nonseparable Public Spending," Papers 9-92-7, Pennsylvania State - Department of Economics.
    4. Dahlby, Bev, 1998. "Progressive taxation and the social marginal cost of public funds," Journal of Public Economics, Elsevier, vol. 67(1), pages 105-122, January.
    5. Charles L. Ballard & Don Fullerton, 1993. "Distortionary Taxes and the Provision of Public Goods," NBER Working Papers 3506, National Bureau of Economic Research, Inc.
    6. Ramsey, David D, 1969. "On the Social Rate of Discount: Comment," American Economic Review, American Economic Association, vol. 59(5), pages 919-24, December.
    7. Bradford, David F, 1975. "Constraints on Government Investment Opportunities and the Choice of Discount Rate," American Economic Review, American Economic Association, vol. 65(5), pages 887-99, December.
    8. Wildasin, David E, 1984. "On Public Good Provision with Distortionary Taxation," Economic Inquiry, Western Economic Association International, vol. 22(2), pages 227-43, April.
    9. Mayshar, Joram, 1991. "On Measuring the Marginal Cost of Funds Analytically," American Economic Review, American Economic Association, vol. 81(5), pages 1329-35, December.
    10. 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.
    11. Quirk, James & Terasawa, Katsuaki, 1991. "Choosing a government discount rate: An alternative approach," Journal of Environmental Economics and Management, Elsevier, vol. 20(1), pages 16-28, January.
    12. Pestieau, Pierre M, 1975. "The Role of Taxation in the Determination of the Social Discount Rate," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 16(2), pages 362-68, June.
    13. Mendelsohn, Robert, 1981. "The Choice of Discount Rates for Public Projects," American Economic Review, American Economic Association, vol. 71(1), pages 239-41, March.
    14. 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.
    15. Browning, Edgar K, 1987. "On the Marginal Welfare Cost of Taxation," American Economic Review, American Economic Association, vol. 77(1), pages 11-23, March.
    16. Joseph E. Stiglitz & Partha Dasgupta, 1970. "Differential Taxation, Public Goods, and Economic Efficiency," Cowles Foundation Discussion Papers 299, Cowles Foundation for Research in Economics, Yale University.
    17. Atkinson, Anthony B & Stern, N H, 1974. "Pigou, Taxation and Public Goods," Review of Economic Studies, Wiley Blackwell, vol. 41(1), pages 119-28, January.
    18. Sandmo, Agnar, 1998. "Redistribution and the marginal cost of public funds," Journal of Public Economics, Elsevier, vol. 70(3), pages 365-382, December.
    19. Snow, Arthur & Warren, Ronald Jr., 1996. "The marginal welfare cost of public funds: Theory and estimates," Journal of Public Economics, Elsevier, vol. 61(2), pages 289-305, August.
    20. Burgess, David F, 1988. "Complementarity and the Discount Rate for Public Investment," The Quarterly Journal of Economics, MIT Press, vol. 103(3), pages 527-41, August.
    21. Sandmo, Agnar, 1972. "Discount Rates for Public Investment under Uncertainty," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(2), pages 287-302, June.
    22. Arrow, Kenneth J & Lind, Robert C, 1970. "Uncertainty and the Evaluation of Public Investment Decisions," American Economic Review, American Economic Association, vol. 60(3), pages 364-78, June.
    23. Usher, Dan, 1969. "On the Social Rate of Discount: Comment," American Economic Review, American Economic Association, vol. 59(5), pages 925-29, December.
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