Public expenditures and environmental protection
Subtitle: when is the cost of funds irrelevant?
By: Gunnar S. Eskeland.
Contributors: World Bank. Development Research Group. Public Economics.
Series: Policy research working paper ;; 2507; Policy research working papers (Online) ;; 2507.
Publisher: World Bank, Development Research Group, Public Economics
Published: 2000
Place of publication: Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Environmental protection -- Economic aspects -- Econometric models.; Expenditures, Public -- Econometric models.; Public goods -- Costs -- Econometric models.; Taxation -- Econometric models.
Genres: Econometric models.
Description: Pigou's conjecture was that under costly taxation public expenditures should not reach the point where marginal benefits equal marginal costs. In the treatment here, public expenditures (and environmental protection) may provide public goods for consumption but also collective inputs for production. When the benefits are in production, the cost of funds is irrelevant. Why? Collective inputs benefit goods that are taxed, while for public goods the shadow price of funds reduces provision as if they were.
Notes: Also available in print.
Includes bibliographical references (p. 26-27).
Title from title screen as viewed on Sept. 30, 2002.
"December 2000"--Cover.
Moce of access: World Wide Web.