Separability and public finance
نویسندگان
چکیده
In a second best environment, the optimal policy choice sometimes follows first best rules, as described in a number of scattered works. This paper presents a formal general argument which allows to unify much of the literature. It lays down the information structure and separability assumptions under which the results hold in a variety of setups, with extensions to preference heterogeneity and individual production sets. JEL classification numbers: H21, H11.
منابع مشابه
Evaluation of Tests for Separability and Symmetry of Spatio-temporal Covariance Function
In recent years, some investigations have been carried out to examine the assumptions like stationarity, symmetry and separability of spatio-temporal covariance function which would considerably simplify fitting a valid covariance model to the data by parametric and nonparametric methods. In this article, assuming a Gaussian random field, we consider the likelihood ratio separability test, a va...
متن کاملHousing Finance: The Role of the Private Sector in Public-Private Partnership in Housing Delivery for the Low-Income in Nigeria
Events in the building industry in Nigeria in the last decade show the important role the private sector played in housingfinance. With the advent of the public-private partnership concept in almost every sector of the socio-economic spheresof the nation, the role of the private sector in housing finance cannot be over-emphasized. This paper clearly states thatthe low-income public servants do ...
متن کاملCollective Labour Supply with Children
We extend the collective model of household behavior to allow for the existence of public consumption. Under a separability assumption, we show that the observation of the labor supplies and the household demand for the public good allow to identify preferences and the decision process up to some additive
متن کاملSeparability and Efficiency for Generic Group Signature Schemes
A cryptographic protocol possesses separability if the participants can choose their keys independently of each other. This is advantageous from a key-management as well as from a security point of view. This paper focuses on separability in group signature schemes. Such schemes allow a group member to sign messages anonymously on the group’s behalf. However, in case of this anonymity’s misuse,...
متن کاملالگوهای «مشارکت دولتی- خصوصی» و اثر آنها بر شاخصهای میانی بیمارستان: یک مرور انتقادی
Introduction: Public-private partnership can help governments deal with resource constraints in their health sectors. The aim of this study was to investigate the effects of different models of public-private partnership on hospital mid-indicators and identify factors affecting its successful implementation. Methods: This critical review was conducted from 2000 to 2017. Databases, such as Goog...
متن کامل