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Equal Sacrifice and Fair Burden-Sharing in a Public Goods Economy

Buchholz, Wolfgang and Peters, Wolfgang (2008) Equal Sacrifice and Fair Burden-Sharing in a Public Goods Economy. International Tax and Public Finance 15 (4), pp. 415-429.

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Abstract

Applying a willingness-to-pay approach known from contingent valuation in environmental economics, we develop an ordinally based measure for the size of individual sacrifice that is connected with an agent's contribution to a public good. We construct a selection mechanism that picks the unique efficient solution among all allocations that have an equal sacrifice as defined in this way. We show ...

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Item type:Article
Date:August 2008
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Finanzwissenschaft, insbesondere Umweltökonomie (Prof. Dr. Wolfgang Buchholz)
Identification Number:
ValueType
10.1007/s10797-008-9073-0DOI
Classification:
NotationType
H410Journal of Economics Literature Classification
Keywords:Public Goods
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Partially
Item ID:9612
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