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“Public goods”: An exercise in calibration

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  • John Hudson
  • Philip Jones

Abstract

This paper considers a measure of the “publicness” of goods and services implicit in responses that individuals make when asked about public sector spending. At the limit, all consumers consume equal amounts of a public good. Thus any differences between an individual's self-interest preferences and public-interest preferences cannot be based on differential provision, but only on differences in the individual's public- and self-interest utility functions. If we rule out the latter, self-interest and public-interest preferences for a pure public good are identical. Using sample survey data it is possible to calibrate the public good content of different public goods. Copyright Springer Science + Business Media, Inc. 2005

Suggested Citation

  • John Hudson & Philip Jones, 2005. "“Public goods”: An exercise in calibration," Public Choice, Springer, vol. 124(3), pages 267-282, September.
    • Handle: RePEc:kap:pubcho:v:124:y:2005:i:3:p:267-282
    DOI: 10.1007/s11127-005-2048-0
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    References listed on IDEAS

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