Tradeoff between marginal welfare costs | Zendy

Mário Alexandre P. M. da Silva | Zendy

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Tradeoff between marginal welfare costs

Author(s) -

Mário Alexandre P. M. da Silva

Publication year - 2016

Publication title -

notas económicas

Language(s) - English

Resource type - Journals

eISSN - 2183-203X

pISSN - 0872-4733

DOI - 10.14195/2183-203x_22_3

Subject(s) - monopoly , procurement , marginal cost , social welfare , benchmark (surveying) , social cost , microeconomics , government (linguistics) , economics , welfare , public economics , marginal utility , business , complete information , industrial organization , marketing , market economy , political science , linguistics , philosophy , geodesy , law , geography

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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