This Element introduces the concept of the marginal cost of public funds (MCPF), sketches its history, and discusses a number of applications. It does this by undertaking economic evaluations of public sector projects involving a pure public good. This title is also available as Open Access on Cambridge Core.
This Element introduces the concept of the marginal cost of public funds (MCPF), sketches its history, and discusses a number of applications. It does this by undertaking economic evaluations of public sector projects involving a pure public good. This title is also available as Open Access on Cambridge Core.