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Why the marginal social cost of funds is not the shadow value of government revenue

Jones, Chris

Description

No distinction is made between the marginal social cost of public funds (MCF) and the shadow value of government revenue in the public finance literature. Their separate roles are demonstrated in this paper, where the MCF is used as a scaling coefficient to account for changes in tax inefficiency on revenue transfers made to balance the government budget, while the shadow value of government revenue is used as a scaling coefficient to convert efficiency effects into actual changes in utility....[Show more]

CollectionsANU Research Publications
Date published: 2005
Type: Working/Technical Paper
URI: http://hdl.handle.net/1885/43025
http://digitalcollections.anu.edu.au/handle/1885/43025

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