Questions tagged [public-economics]
Public economics (or economics of the public sector) is the study of government policy through the lens of economic efficiency and equity.
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Effects of ACA individual mandate vs AHCA surcharge
The US Congress is currently considering a new healthcare bill, the AHCA, which would replace the existing healthcare bill, the ACA.
One of the major changes is the way each bill encourages people to ...
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Optimal commodity taxation - solving for the optimal tax rates?
I need to solve for optimal tax rates for two products.
In my model there are N identical households that maximize their utility function subject to a budget ...
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Event study by Kleven
I was reading the following paper by Henrik Kleven et al.
https://www.henrikkleven.com/uploads/3/7/3/1/37310663/kleven-landais-sogaard_nber-w24219_jan2018.pdf
The estimate the child penalty on wage ...
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World Bank and OECD statistics unmatch tax revenue as % of GDP
I have been looking for statistics on tax revenue to GDP ratio of different countries. I've found it on World Bank website.
https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS?view=chart
which ...
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utility from providing public good as explained in Hindriks textbook
I think I understood the highlighted part: basically, by increasing $g^1$ my utility increases because more public good is being provided but at the same time it decreases because I have less money to ...
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Can State Owned Enterprises compete with each other without a private enterprise in a market? Examples
In a domestic market, there exist multiple (around 5) multi-product state-owned enterprises. In a few products, SOEs compete with private enterprises while in the majority of products, the SOEs share ...
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Isn't it trivial that preferences are single-peaked over two alternatives?
I'm studying Down's Median Voter Theorem which states that if voters have single-peaked preferences over two alternatives arranged along a one-dimensional political spectrum, a majority rule voting ...
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Net Neutrality and Recent Telecom Projects
It has come to my attention that the big telecom providers are launching some big infrastructural projects recently (at the time of post, Jan. 2018). I presume by that they mean talking laying cables ...
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Pigouvian subsidies for non-linear marginal external benefits
Suppose an agent is choosing how much $x$ to consume and $p_x=200$. If the agent's marginal private benefit is $MPB(x)=300/x$ and $x$ takes only integer values, then he will choose to purchase just ...
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Evidence of the Efficiency of Competitive Search Equilibrium
Econ theoretical literature suggests that competitive search equilibrium can arise efficiency allocation by internalizing the congestion externalities. A typical example is that the Hosios condition ...
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egalitarian PE allocation for public goods
Suppose that there are 2 consumers, 1 private good($x$), 1 public good($y$) exists in this economy.
$u^i (x^i , y)=\gamma \ln y +\ln x^i$ and $e^i =\frac{E}{I}$ and $f(z)=z$
where $z$ is the input of ...
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Is there a source which informs the public of who is buying up newly issued U.S. Government debt?
Is there a list somewhere of who is buying the newly issued debt that will finance the American Rescue Plan (the $1.8 trillion stimulus package signed recently)? Of course, I have an idea of who owns ...
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Total Derivative of a Max Function: Maximizing Social Welfare Function
I'm studying public economics but my question here is purely mathematical in nature. I have a function:
$$
V(1-\tau, R) = \max_zu((1-\tau)z+R,z)
$$
I need to take the total derivative of this, in my ...
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Can I use the released data on AER and JPE in my own research without permission?
I don't think JPE has suggested a specific license. However, the journal did say that the data policy is adopted from American Economic Review (AER). AER did suggest a license of Creative Commons ...
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Efficiency-related reason for net social benefits from income taxation
Found a question that I cannot really find an answer to. I am being asked to consider an economy with many households and assume that the government can only generate revenue by taxing households' ...
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Can the internet be characterized as a public utility?
The idea of what a public utility is, economically, rather than just legally is not a new point of discussion. Philosophers like John Stuart Mill argued for the public provision of water and gas, ...
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Calculate power for multiple rounds of public goods experiment
I would like to calculate/simulate the a-priori necessary sample size for a repeated public goods experiment.
$N$ Participants play $R$ rounds of a public goods game (linear, voluntary contribution ...
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Private and Social Optimum with externality in this example
Firstly, I wanted to know if we may be consider as an externality, a situation such that a customer A bought a bike to a seller B, not properly checked - and which may provoke some accidents.
...
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About Lindahl equilibrium and Pareto Optimality
Let an economy with 20 consumers, one private good $x_2$ and one public good $x_1$. The public good is produced using the private good as input with the following technology $x_1=g(z)=z^{1/2}$, where $...
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Is public infrastructure a subsidy to capital?
https://www.researchgate.net/publication/228376470_The_Distributional_Consequences_of_Government_Spending
Very interesting little model. Government infrastructure spending increases wages in the ...
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Why might a country with a budget surplus continue issuing bonds - ie borrowing?
Some argue that if a government runs a budgetary deficit, it is a drag on the public finances because taxpayers must fund interest payments to external creditors.
If the interest payments were an ...
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Why do Austrians oppose market failure and demand management as policy rationales?
Predominantly free market and small government, albeit with room for redistrbution and funding of health care and education, Austrians stress the planning fallacy, emergent order, and incentives ...
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How to analyze the effect of a policy change?
I am currently analyzing the impact of a public policy change, specifically one that was introduced in 2018 but later changed in 2020, changed the eligible rules. While I have used DiD and Event-study ...
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Learning benefits in shorter and longer term policy interventions
Different policy interventions have different time horizons. Labour market or welfare policies can be enacted much faster that many infrastructure policies can; it takes much less time to change ...
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Tax policy - theory versus practice
A came across this explanation for how policy makers approach taxes in my textbook:
Various taxes would compensate for irrational prices and other factors
outside the control of managers that ...
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How would a country successfully implement UBI?
Universal basic income is the principal that each citizen in a country gets a fixed amount of money from the government which should suffice for an individual to pay for at least his basic needs each ...
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How *do* NGOs, think tanks, and governments weigh income/consumption tradeoffs/transfers at different income levels?
In considering policies and transfers, how do we (economists, NGOs, governments & think tanks) weigh income (consumption) tradeoffs between the poor & the very poor?
E.g., 'is giving 100 USD/...
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What are concrete values of public goods?
Are there any good studies on what are estimated values of public goods? For example, suppose a public library, bridge, school, or lighthouse is a public good, what is the value per person for these ...
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Would apprenticeships improve the economy long term?
Evening my name is Nick and I am a high school student from Fairfield California and I’m 17, my super hyper theatrical question is about a substitute to college in order to create more efficiency in ...
