Marginal cost of public funds
The Marginal Cost of Public Funds measures the loss incurred by society in raising additional revenues to finance government spending.
According to Dahlby (2008), while a substantial on the marginal cost of public funds (MCF) have emerged over the last twenty years, much of this literature is fragmented because authors have used different measures for the MCF, or its associated concept, the marginal excess burden (MEB).
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