A Bargaining Model of the Pure Theory of Public Expenditure
A Bargaining Model of the Pure Theory of Public Expenditure
复制标题
公共支出纯理论的讨价还价模型
DOI:
10.1086/259722
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发表时间:
1971
影响因子:
8.2
通讯作者:
H. Shibata
中科院分区:
文献类型:
--
作者:
H. Shibata
This paper introduces a geometric analysis of public goods very similar to that of bilateral monopoly, demonstrating the essential identity of the two theories. Various public-finance theories are then illustrated: Their basic but often vaguely outlined ideas are elucidated, and implicit assumptions are unveiled in order to show that their different implicit behavioral assumptions are largely responsible for their disagreements. It is found that, under the usual behavioral assumptions, a unique optimum solution cannot be attained spontaneously, but a unique set of possible solutions can be delimited. The importance of income-redistribution effects, hitherto neglected by theorists examining the bargaining solution for an optimum budget, is also demonstrated.