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Public Finance Review

Resumen/Descripción – provisto por la editorial en inglés
Public Finance Review (PFR), peer-reviewed and published bi-monthly, is a professional forum devoted to economic research, theory, and policy applications, focusing on a variety of allocation, distribution, and stabilization functions within the public sector economy. Economists, policy makers, political scientists, and researchers rely on PFR for the most up-to-date information and to help them put policies and research into action.
Palabras clave – provistas por la editorial

No disponibles.

Disponibilidad
Institución detectada Período Navegá Descargá Solicitá
No detectada desde ene. 1999 / hasta dic. 2023 SAGE Journals

Información

Tipo de recurso:

revistas

ISSN impreso

1091-1421

ISSN electrónico

1552-7530

Editor responsable

SAGE Publishing (SAGE)

País de edición

Estados Unidos

Fecha de publicación

Cobertura temática

Tabla de contenidos

Samuelsonian and Weisbrodian Public Goods

Alphonse G. Holtmann

<jats:p> Pure public goods, as defined by Paul Samuelson, are well understood. However, Burton Weisbrod argues that a substantial number of private goods have public good attributes. Among the goods mentioned by Weisbrod are visits to a park or hospital. These goods have two important attributes: uncertainty in consumption and substantial time and other costs associated with changing capacity to produce them. The question is: How do these public-type goods differ from Samuelsonian public goods? The analysis is based on a social welfare function whose arguments are the individual utilities of the members of society. Each member of society is assumed to gain utility from a private good for which he or she has an uncertain demand and from another private good. Individual endowments can be used to produce the private good or the capacity to enjoy the good for which demand is uncertain. Capacity, once produced, is available to all. Under these conditions, Weisbrodian public goods differ from Samuelsonian public goods and from pure private goods. It is shown, however, that a discriminating monopoly may provide the efficient level of capacity. </jats:p>

Palabras clave: Economics and Econometrics; Finance; Public Administration.

Pp. 387-395