Distortionary taxes and the provision of public goods

Article Abstract:

Cost-benefit analysis of public projects is based on the marginal rates of substitution of a public good's perceived satisfaction potential and its costs. A review of literature on the optimal amount of public expenditure and its method of finance is presented. The findings indicate that there is a need to reassess the basic assumptions concerning distortionary taxation and the provision of public goods, such as that the marginal cost of public funds exceed one.

Taxation, Public goods

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Search externalities in macroeconomic theory

Article Abstract:

A symmetric two-sector model is presented and the relationships between matching technology and various types of externalities analyzed. The model is extended to a labor market application and the allocative role of wages considered. The study surveys features of macroeconomic models with search externalities.

Usage, Macroeconomics, Search theory

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Appraising externalities of the Swiss agriculture: an extended cost-benefit analysis

Article Abstract:

This article attempts to quantitatively evaluate the externalities, in its economic, societal and ecological forms, in Swiss agriculture. The authors discuss each of the three complementary approaches and then bridge them together, interpreting the composite results.

Switzerland, Economic aspects, Agriculture, Agricultural policy, Agricultural economics

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