Public Goods Issues:A Literature Review
Ma Ju
Abstract
Ma Ju
Abstract
How public goods can be allocated fairly and efficiently is a hotly debated topic in academic circle and policy circle as well.By putting forward the concept ofPublic Goods Issues,this paper claims that any comprehensive discussion on public goods issues should cover following six perspectives: public goods allocation efficiency,public goods financing or cost sharing system,public goods benefit distribution,public goods production or delivery of public service,the decision-making system of public goods demand and supply,and the role of government in public goods supply.Also,it calls for a switch to public choice approach by which public goods issues are regarded as a decision-making process among society members rather than a maximization process by an authoritative agent.
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How public goods can be allocated fairly and efficiently is a hotly debated topic in academic circle and policy circle as well.By putting forward the concept ofPublic Goods Issues,this paper claims that any comprehensive discussion on public goods issues should cover following six perspectives: public goods allocation efficiency,public goods financing or cost sharing system,public goods benefit distribution,public goods production or delivery of public service,the decision-making system of public goods demand and supply,and the role of government in public goods supply.Also,it calls for a switch to public choice approach by which public goods issues are regarded as a decision-making process among society members rather than a maximization process by an authoritative agent.
Key concepts: Public good, Goods and services, Production (economics), Government (linguistics), Business, Public economics, Economics, Process (computing)