"Public Goods": An Exercise in Calibration
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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.
|Creators||Hudson, J.and Jones, P.|
|Uncontrolled Keywords||rent-seeking, and voting behavior (d720), elections, models of political processes, legislatures, public goods (h410)|
|Departments||Faculty of Humanities & Social Sciences > Social & Policy Sciences|
Faculty of Humanities & Social Sciences > Economics
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