Tradeoff between marginal welfare costs

Autores

  • Mário Alexandre P. M. da Silva Universidade de Coimbra

DOI:

https://doi.org/10.14195/2183-203X_22_3

Resumo

This paper studies the implications of a tradeoff between the social costs of public funding and the social costs of monopoly in a framework of government procurement and a framework of regulation both under incomplete information. The directions of cost, effort and output distortions are determined with reference to the complete information benchmark.

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Publicado

2016-09-22

Edição

Secção

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