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Full-Text Articles in Social and Behavioral Sciences
Gorman And Musgrave Are Dual: An Antipodean Theorem On Public Goods, Ted Bergstrom, Richard Cornes
Gorman And Musgrave Are Dual: An Antipodean Theorem On Public Goods, Ted Bergstrom, Richard Cornes
Ted C Bergstrom
This paper finds the conditions under which an allocation branch can determine the efficient amount of public goods to produce, independently of the distribution of private goods. The result is similar to that found in our Econometrica paper, but uses a quite different method--solving a differential equation.
Efficiency-Inducing Taxation For A Monopolistically Supplied Depletable Resource, Ted Bergstrom, John Cross, Dick Porter
Efficiency-Inducing Taxation For A Monopolistically Supplied Depletable Resource, Ted Bergstrom, John Cross, Dick Porter
Ted C Bergstrom
We show that for a depletable resource, if the competitive time path of prices is known, and if the profit function is concave, then there is an easily described time path of taxes and/or subsidies that would induce a monopolist to follow an efficient time path of extraction.