Public Finance Quarterly · 1974 · 70 citations · 4 references
Public AffairsEconomicsPublic AdministrationPublic EconomicsPublic ExpenditurePublic InvestmentGovernment ExpenditurePublic Expenditure ManagementPublic Expenditure PolicyPublic GoodsPublic Investment FinancingOptimality ConditionsOptimality CriteriaPublic Facility ManagementPublic Facility ProvisionPublic Investment AllocationPublic Investment StrategyPublic Sector Cost AllocationPublic-goods Allocation
A previously presented charge scheme for public investments is derived here from a set of axioms. It is argued that these axioms embody a definition of equity in allocating the costs of a public facility and could serve as a constitution which would be agreed on by users of a public facility. Consideration is also given to optimality properties of the charge scheme in encouraging the formation of coalitions to undertake joint investments.
4