Year-end Sale % OFF 
Abstract
In 1976 Sandler and Smith developed a concept of intertemporal Pareto efficiency and derived optimality conditions for a variety of specifications of the intertemporal characteristics of both public and private goods. This analysis led to the conclusion that any discounting of the benefits of a good that is public across generations (or time) as well as individuals would be Pareto inefficient. In this paper it is argued that such a conclusion is warranted only under an unlikely specification of the intertemporal transformation function.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
