Accession Number:

ADA022476

Title:

Observable Public Good Preferences.

Descriptive Note:

Final rept.,

Corporate Author:

AIR FORCE ACADEMY COLO

Report Date:

1976-03-01

Pagination or Media Count:

35.0

Abstract:

The report discusses the circumstances under which it is possible to use the market or aggregate demand function generated from individual utility maximization to obtain the consumers preferences for certain classes of public goods, and thus obtain the information needed to satisfy the Samuelsonian efficiency conditions for these public goods. The restrictions on the preferences of all consumers which are sufficient to use the aggregate demand function are 1 there exists a price vector such that the level of public good provision is valueless and 2 the marginal rate of substitution of price for the level of public good provision is independent of income. Author

Subject Categories:

  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE