Public Funds for Private Goods: Efficient and Politically Viable
This paper explores how public money is spent on things like education and healthcare. It combines two different ways of looking at why governments provide these private goods. One way says it's a good idea for efficiency, while the other view thinks it's wasteful due to politics. The paper suggests that the main idea supporting these goods is important for both efficiency and democratic decisions. If people don't have all the facts, it makes sense for governments to provide private goods efficiently. So, in a democracy, it can be smart to offer private services using public funds to make everyone happy.