2004•Journal of Shenyang Institute of Aeronautcal EngineeringRequires access

The economy analysis and policy-making research on public goods production

AN Yu-xin

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Abstract

This article makes economic analysis in public goods production,and claims that public goods which are supplied only by market or only by gorverment can not meet the Pareto optimality. This article seeks for the way that public goods are producted through clearly determined property right and with the help of the market mechanism.finally,the article suggests that we should create some new thing on the mechanism of producting public goods in our country.

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What this paper is about

This article makes economic analysis in public goods production,and claims that public goods which are supplied only by market or only by gorverment can not meet the Pareto optimality. This article seeks for the way that public goods are producted through clearly determined property right and with the help of the market mechanism.finally,the article suggests that we should create some new thing on the mechanism of producting public goods in our country.

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Available abstract

This article makes economic analysis in public goods production,and claims that public goods which are supplied only by market or only by gorverment can not meet the Pareto optimality. This article seeks for the way that public goods are producted through clearly determined property right and with the help of the market mechanism.finally,the article suggests that we should create some new thing on the mechanism of producting public goods in our country.

Key concepts: Public good, Production (economics), Market mechanism, Economics, Mechanism (biology), Intermediate good, Property (philosophy), Final good

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