Financing and the Optimal Provision of Public Expenditure by Decentralized Agencies
It has realized since Pigou (1947) that if public goods are financed by distortionary taxation, the marginal social cost of providing the public good will exceed the actual resource cost by the marginal deadweight cost of taxation.
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|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: CV4 7AL COVENTRY|
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