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Social and Behavioral Sciences Commons™
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Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
Benefit-Cost In A Benevolent Society, Ted Bergstrom
Benefit-Cost In A Benevolent Society, Ted Bergstrom
Ted C Bergstrom
How should benefit-cost analysis account for the value that benevolent individuals place on other people's pleasure from public goods? When adding up the benefits to be compared with costs, should we sum the private valuations, the altruistic valuations, or something else? This paper proposes a partial answer and offers some suggestions for benefit-cost practitioners.
Do Governments Spend Too Much?, Ted Bergstrom
Do Governments Spend Too Much?, Ted Bergstrom
Ted C Bergstrom
This paper extends Bowen's theorem on the efficiency of majority-chosen public expenditures. It also discusses situations under which majority rule is likely to lead to inefficient outcomes.
Regulation Of Externalities, Ted C. Bergstrom
Regulation Of Externalities, Ted C. Bergstrom
Ted C Bergstrom
This paper presents a general equilibrium model with marketable pollution permits. It shows that competitive equilibrium with marketable permits is "conditionally optimal" in the sense that no Pareto improvement can be achieved without changing pollution standards. The paper also explores mechanisms for choosing efficient aggregate pollution levels.
The Use Of Markets To Control Pollution, Ted C. Bergstrom
The Use Of Markets To Control Pollution, Ted C. Bergstrom
Ted C Bergstrom
No abstract provided.