"Public Goods": An Exercise in Calibration

Reference:

Hudson, J. and Jones, P., 2005. "Public Goods": An Exercise in Calibration. Public Choice, 124 (3-4), pp. 267-82.

Related documents:

Abstract

This paper considers a measure of the "publicness" of goods and services implicit in responses that individuals make when asked about public sector spending. At the limit, all consumers consume equal amounts of a public good. Thus any differences between an individual's self-interest preferences and public-interest preferences cannot be based on differential provision, but only on differences in the individual's public- and self-interest utility functions. If we rule out the latter, self-interest and public-interest preferences for a pure public good are identical. Using sample survey data it is possible to calibrate the public good content of different public goods.

Export

Actions (login required)