Multipart pricing of public goods
KeywordsPublic Good Public Finance Multipart Price
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- 1.For a discussion of police and exchange costs in relation to the public goods problem, see Harold Demsetz, “The Exchange and Enforcement of Property Rights”, Journ. Law and Econ. 7 (Oct. 1964), 11 - 26.Google Scholar
- 2.This is the well - known Samuelson dilemma. See Paul Samuelson, “The Pure Theory of Public Expenditure”,RE Stat 36 (November, 1954).Google Scholar
- 3.The marginal benefit taxation approach is described concisely in R. A. Musgrave,The Theory of Public Finance. New York: McGraw Hill, 1959.Google Scholar
- 4.The manner in which the participants might, in the absence of strategic behavior, arrive at a Pareto optimal solution has been described in J. M. Buchanan,Demand and Supply of Public Goods. Chicago: Rand McNally, 1968.Google Scholar
© Center for Study of Public Choice Virginia Polytechnic Institute and State University 1971