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MRS Functions and the Pareto Interval in Public Good Provision

Author

Listed:
  • Kleinberg Norman L.

    (Department of Economics & Finance, Baruch College and the Graduate Center, The City University of New York, One Bernard Baruch Way, Box B10-225, New York, NY 10010, USA)

  • Ma Barry K.

    (Department of Economics & Finance, Baruch College and the Graduate Center, The City University of New York, One Bernard Baruch Way, Box B10-225, New York, NY 10010, USA)

Abstract

The Lindahl-Samuelson condition is adapted to derive the range, or interval, of the efficient/Pareto levels of a public good. The size and bounds of the interval are shown to be dependent on the curvature of the marginal rate of substitution functions and the degree of heterogeneity of preferences. A policy implication is that unlike Nash or private provision, the relationship between the efficient level of a public good and income inequality can be ambiguous.

Suggested Citation

  • Kleinberg Norman L. & Ma Barry K., 2023. "MRS Functions and the Pareto Interval in Public Good Provision," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 23(2), pages 525-535, April.
    • Handle: RePEc:bpj:bejeap:v:23:y:2023:i:2:p:525-535:n:4
    DOI: 10.1515/bejeap-2022-0300
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    More about this item

    Keywords

    MRS function; Lindahl-Samuelson condition; Pareto interval; income distribution;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • H00 - Public Economics - - General - - - General
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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