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Advanced Urban Public Finance: Collective Action and Provisions of Local Public Goods

Massachusetts Institute of TechnologyUnited States11.902
Free, no sign-up neededSpring 2009English
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In analyzing fiscal issues, conventional public finance approaches focus mainly on taxation and public spending. Policymakers and practitioners rarely explore solutions by examining the fundamental problem: the failure of interested parties to act collectively to internalize the positive externalities generated by public goods. Public finance is merely one of many possible institutional arrangements for assigning the rights and responsibilities to public goods consumption.

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