| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w8196
|
| 来源ID | Working Paper 8196
|
| Integrating Expenditure and Tax Decisions: The Marginal Cost of Funds and the Marginal Benefit of Projects |
| Joel Slemrod; Shlomo Yitzhaki
|
| 发表日期 | 2001-03-01
|
| 出版年 | 2001
|
| 语种 | 英语
|
| 摘要 | This paper seeks to clarify the extent to which the rule for providing public goods ought to correct for the distortionary cost of raising funds. We argue that, in evaluating public projects, the marginal cost of funds (MCF) concept must be supplemented by a symmetrical concept, which we label the marginal benefit of public projects, or MBP, which indicates the value to individuals of the dollars spent. Each of these concepts can be decomposed into two separate components, one reflecting efficiency and the other characterizing the distributional impact of the project itself or its financing. We conclude that efficiency of the financing cannot be ignored, that distributional considerations are also relevant, and that the availability and optimality of tax instruments is critical for evaluating the appropriateness of proceeding with a public good-cum financing project. However, one can construct special cases, as in Kaplow (1996), where the simple cost-benefit criterion applies. |
| 主题 | Public Economics
; Taxation
; Public Goods
|
| URL | https://www.nber.org/papers/w8196
|
| 来源智库 | National Bureau of Economic Research (United States)
|
| 引用统计 |
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565792
|
推荐引用方式
GB/T 7714 |
Joel Slemrod,Shlomo Yitzhaki. Integrating Expenditure and Tax Decisions: The Marginal Cost of Funds and the Marginal Benefit of Projects. 2001.
|
|
文件名：
|
w8196.pdf
|
|
格式：
|
Adobe PDF
|
此文件暂不支持浏览
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
