Externalities, Efficiency and Equity
نویسندگان
چکیده
منابع مشابه
When is the Efficient Subsidy to Higher Education the Equitable Subsidy ?
Despite some empirical evidence to the contrary, government subsidy to higher education is usually presumed to be inequitable because college-educated workers earn more than less educated workers. Using a simple model of educational choice with endogenous wages and two worker types, I obtain strong results concerning this conßict between efficiency and equity namely that equity and efficiency...
متن کاملUrban Road Transportation Externalities: Costs and Choice of Policy Instruments
Urban transportation externalities are a key development challenge. Based on the existing literature, the authors illustrate the magnitudes of various external costs, review response policies, and measure and discuss their selection, particularly focusing on the context of developing countries. They find that regulatory policy instruments aimed at reducing local air pollution have been introduc...
متن کاملLiquidity Externalities and Information Spillover between the Equity and Corporate Bond Markets: An Empirical Study
Information spillover and liquidity externality across securities is of practical importance to both practitioners and policy makers. We empirically examine how information spillover facilitates liquidity externalities between the equity and corporate bond markets. An event study was conducted by comparing the change of liquidity of stocks whose corporate bonds are TRACE-eligible with that of n...
متن کاملPublic spending on health care: how are different criteria related?
At least nine different criteria are relevant for decisions about public spending for health care. These include economic efficiency criteria (public goods, externalities, catastrophic cost, and cost-effectiveness), ethical reasons (poverty, horizontal and vertical equity, and the rule of rescue), and political considerations (especially demands by the populace). Sometimes one criterion should ...
متن کاملEvaluation of Agricultural Water Distribution and Delivery Systems from the Viewpoints of Adequacy, Efficiency and Equity (Case Study: Irrigation Network of Roodasht, Isfahan)
The main purpose of the study is the operational simulation of main irrigation canal and evaluation of water delivery and distribution locally, regionally and overall using adequacy, efficiency, and equity indicators and “Desirability of water delivery and distribution” indicator. To achieve this goal, the hydrodynamic model of Roodasht irrigation network’s main canal was developed. The results...
متن کامل