Construct · 1 fields · 1 citations

Samuelson rule: a standalone construct

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Public finance

the condition that a public good is optimally provided when the sum of everyone's marginal benefits equals its marginal cost.

In public finance, Samuelson rule refers to the condition that a public good is optimally provided when the sum of everyone's marginal benefits equals its marginal cost. This meaning comes from Samuelson (1954) in The Review of Economics and Statistics.[1]

Unit
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Nearby constructs

good2 fields · 5 citationsjingle · one word, two constructs condition2 fields · 2 citationsjingle · one word, two constructs cost4 fields · 4 citationsjingle · one word, four constructs

References

Samuelson, P. A. (1954). The Pure Theory of Public Expenditure. The Review of Economics and Statistics, 36(4), 387. https://doi.org/10.2307/1925895

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