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Tradeoff Between Marginal Welfare Costs

Author

Listed:
  • Mário Silva

    (Faculty of Economics, University of Oporto)

Abstract

This paper studies the implications of a tradeoff between the social costs of public funding and the social costs of monopoly in a framework of government procurement and a framework of regulation both under incomplete information. The directions of cost, effort and output distortions are determined with reference to the complete information benchmark.

Suggested Citation

  • Mário Silva, 2005. "Tradeoff Between Marginal Welfare Costs," Notas Económicas, Faculty of Economics, University of Coimbra, issue 22, pages 51-67, December.
    • Handle: RePEc:gmf:journl:y:2005:i:22:p:51-67
    as

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    File URL: https://impactum-journals.uc.pt/notaseconomicas/article/view/2183-203X_22_3/2867
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    References listed on IDEAS

    as
    1. Hausman, Jerry A & Poterba, James M, 1987. "Household Behavior and the Tax Reform Act of 1986," Journal of Economic Perspectives, American Economic Association, vol. 1(1), pages 101-119, Summer.
    2. Posner, Richard A, 1975. "The Social Costs of Monopoly and Regulation," Journal of Political Economy, University of Chicago Press, vol. 83(4), pages 807-827, August.
    3. James A. Brander & Barbara J. Spencer, 1981. "Tariffs and the Extraction of Foreign Monopoly Rents under Potential Entry," Canadian Journal of Economics, Canadian Economics Association, vol. 14(3), pages 371-389, August.
    4. Branco, Fernando, 1994. "Favoring domestic firms in procurement contracts," Journal of International Economics, Elsevier, vol. 37(1-2), pages 65-80, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement

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