Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/189345 
Authors: 
Year of Publication: 
2006
Series/Report no.: 
Queen's Economics Department Working Paper No. 1065
Publisher: 
Queen's University, Department of Economics, Kingston (Ontario)
Abstract: 
Disputes over the marginal cost of public funds may be about its magnitude in any given time and place or about its role in cost-benefit analysis. This paper is about the latter. The Samuelson rule was devised for an omnipotent, omniscient and benevolent government. This paper is about how the Samuelson rule should be modified to take account of the impact upon total deadweight loss in the tax system from the required an increase in the tax rate to finance public projects as well as from the appearance of the projects themselves. A very simple device is employed to analyze these questions.
Subjects: 
Samuelson rule
Marginal cost of public funds
Shadow price of public expenditure
JEL: 
H41
H43
Document Type: 
Working Paper

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