Public goods and income distribution
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Date
1990
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Abstract
The methods of estimating the distribution of public good benefits among various individuals have long been of interest to both academic economists and government policy makers for the purpose of analyzing the impact of government budget on the distribution of income. This study provides a comparison of two theoretical methods, Aaron and McGuire's marginal valuation and Brennan's uniform pricing valuation of public good benefits. The comparison is based on the principle that income is to be taken as the best available indicator of individual welfare. This study shows that the marginal valuation procedure is more restrictive than the uniform pricing valuation procedure as a welfare index of consumption bundles.
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Vita
Major subject: Economics
Vita
Major subject: Economics
Keywords
Öffentliches Gut, Einkommensverteilung, Theorie, Major economics