법경제
Working Paper
The Economic Theory of Bureaucracy Applied to Public Pricing and Supply of Congestible Public Goods
요약
In this paper, we analyze the provision of congestible public
goods from the standpoint of the positive economic theory of
bureaucratic supply. The reason for doing this is that it extends
the generality of the economic theory of bureaucracy beyond
the usual confines of solely tax financed pure public goods.
Except for small deviations attributable to income effects,
we find that the cost and output characteristics associated with
polar types of bureaucratic objectives, in the narrower theory,
still hold. But by adding a theoretical space for pricing decisions,
our model can generate a richer set of empirical implications by
directly engaging observable magnitudes such as the level of
tolls and toll revenues. As a side product, our model generates
at least one interesting normative result.
goods from the standpoint of the positive economic theory of
bureaucratic supply. The reason for doing this is that it extends
the generality of the economic theory of bureaucracy beyond
the usual confines of solely tax financed pure public goods.
Except for small deviations attributable to income effects,
we find that the cost and output characteristics associated with
polar types of bureaucratic objectives, in the narrower theory,
still hold. But by adding a theoretical space for pricing decisions,
our model can generate a richer set of empirical implications by
directly engaging observable magnitudes such as the level of
tolls and toll revenues. As a side product, our model generates
at least one interesting normative result.