Economics, Econometrics and Finance
4 years ago

New method ensures fair sharing of public goods contributions for all

SSRN Electronic Journal
Equal Sacrifice and Fair Burden Sharing in a Public Goods Economy
Wolfgang Buchholz, Wolfgang Peters

Paper Summary

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The article discusses how to fairly share the burden of contributing to a public good. By using a method called willingness to pay, the researchers found a way to measure individual sacrifices. They developed a system to choose the most efficient solution where everyone sacrifices equally. This solution aligns with both the ability to pay and benefit principles.