Construct · 1 fields · 1 citations

marginal value of public funds: a standalone construct

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Public economics

ratio of a policy's benefits to its recipients, measured by willingness to pay, to its net cost to government after fiscal externalities.

In public economics, marginal value of public funds refers to ratio of a policy's benefits to its recipients, measured by willingness to pay, to its net cost to government after fiscal externalities. This meaning comes from Hendren (2020) in The Quarterly Journal of Economics.[1]

Unit
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Measured by

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Nearby constructs

cost4 fields · 4 citationsjingle · one word, four constructs government2 fields · 3 citationsjingle · one word, two constructs marginal3 fields · 3 citationsjingle · one word, three constructs

References

Hendren, N., & Sprung-Keyser, B. (2020). A Unified Welfare Analysis of Government Policies. The Quarterly Journal of Economics, 135(3), 1209-1318. https://doi.org/10.1093/qje/qjaa006

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