Merit goods in a utilitarian framework
Merit goods are defined here as goods for which government interference with the aggregated willingness to pay increases utility. The paper argues that three cases exist where consideration for merit goods would lead to a Pareto improvement and where merit goods should therefore be reintegrated into the public economics framework. The state may be better informed about the conditions for the possibility of certain consumer wants. In cases of multiple preference orders within one person, the state may need to play a role if market preferences and reflective preferences are to converge. And the state may be needed to internalize psychological externalities. The inclusion of the merit goods concept may explain how some policies, like schooling policy, may increase overall well-being, whereas the classical public economics framework is unable to do so.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 18 (2006)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/CRPE20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/CRPE20|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hicks, J. R., 1986. "A Revision of Demand Theory," OUP Catalogue, Oxford University Press, number 9780198285502, December.
- Coady, David P. & Parker, Susan W., 2002.
"A cost-effectiveness analysis of demand- and supply-side education interventions,"
FCND discussion papers
127, International Food Policy Research Institute (IFPRI).
- Coady, David P. & Parker, Susan W., 2002. "A cost-effectiveness analysis of demand- and supply-side education interventions," FCND briefs 127, International Food Policy Research Institute (IFPRI).
- MONGIN, Philippe & d'ASPREMONT, Claude, .
"Utility theory and ethics,"
CORE Discussion Papers RP
1423, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- P. Mongin & C. d'Aspremont, 1996. "Utility theory and ethics," THEMA Working Papers 96-32, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Mongin, P & d'Aspremont, C, 1996. "Utility Theory and Ethics," Papers 9632, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
- MONGIN, Philippe & d ASPREMONT, Claude, 1996. "Utility theory and ethics," CORE Discussion Papers 1996063, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Brennan, Timothy J., 1989. "A Methodological Assessment of Multiple Utility Frameworks," Economics and Philosophy, Cambridge University Press, vol. 5(02), pages 189-208, October.
- Mann, Stefan, 2003. "Why organic food in Germany is a merit good," Food Policy, Elsevier, vol. 28(5-6), pages 459-469.
- Stefan Mann, 2004. "The expert valuation method for assessing agro-environmental policy," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 47(4), pages 541-554.
- Kavka, Gregory S., 1991. "Is Individual Choice Less Problematic than Collective Choice?," Economics and Philosophy, Cambridge University Press, vol. 7(02), pages 143-165, October.
- Young, David, 1996. "Changing Tastes and Endogenous Preferences: Some Issues in Modelling the Demand for Agricultural Products," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 23(3), pages 281-300.
- Randall G. Holcombe & Russell S. Sobel, 2000. "Consumption Externalities and Economic Welfare," Eastern Economic Journal, Eastern Economic Association, vol. 26(2), pages 157-170, Spring.
- Bruno S. Frey & Alois Stutzer, . "Testing Theories of Happiness," IEW - Working Papers 147, Institute for Empirical Research in Economics - University of Zurich.
When requesting a correction, please mention this item's handle: RePEc:taf:revpoe:v:18:y:2006:i:4:p:509-520. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.