The marginal cost of public funds (MCF) measures the loss
incurred by society in raising additional revenues to finance
government spending. The MCF has emerged as one of the most
important concepts in public economics; it is a key component in
evaluations of tax reforms, public expenditure programs, and other
public policies. The Marginal Cost of Public Funds provides a
unified treatment of the MCF, carefully developing its theoretical
foundations in a variety of contexts and describing its application
to a wide range of policies--from excise taxes in Thailand to
public sector borrowing in Canada and the United States. The
Marginal Cost of Public Funds develops the basic theory of the MCF
within the framework of public economics and shows how it is
related to the traditional measures of the efficiency loss from
distortionary taxation. The MCF concept is then applied to the
major sources of revenues for governments--sales and excise taxes,
taxes on labor income, taxes on the return to capital, public
sector borrowing, and intergovernmental grants. This book will be
an essential reference for economists and public policy analysts
both in and out of government. Exercises and recommendations for
further reading at the end of each main chapter highlight its
usefulness as a supplementary text in advanced undergraduate or
graduate courses in public economics.Bev Dahlby is Professor of
Economics at the University of Alberta and a coauthor of Public
Finance in Canada, second edition. He has served as a consultant
for such organizations as the International Monetary Fund, the
World Bank, and the Canadian government's Department of
Finance.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!