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dc.titleThe Production and Financing of Regional Public Goods
dc.contributor.authorTanzi, Vito
dc.contributor.orgunitInstitute for the Integration of Latin America and the Caribbean
dc.date.available2011-02-11T00:00:00
dc.date.issue2005-07-01T00:00:00
dc.description.abstractThe concept of public good, as defined by Musgrave, Samuelson, and others, was also largely a nationally based concept. As in the classic case of defense spending, the public good was assumed to benefit the population of a country; however, because of two technical characteristics (mainly the difficulty of excluding from the benefits that it provides those who do not pay for it; and the fact that, unlike private goods, adding other beneficiaries to the use of the public good does not reduce the benefits to current beneficiaries) it had to be financed by the government. No private individual would have the incentive to provide it.
dc.identifier.doihttp://dx.doi.org/10.18235/0008685
dc.identifier.isbn950-738-212-7
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Production-and-Financing-of-Regional-Public-Goods.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectEconomy
dc.subject.keywordsSITI Occasional Paper N° 8;Macroeconomía;INTAL
dc.typeTechnical Notes
idb.identifier.pubnumberTechnical Notes
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