A study by Thomas Borcherding indicates that income elasticity is somewhat lower for public services than it is for goods and services supplied in the private sector.5 Borcherding placed the income elasticity of demand for public services atanbsp;...
|Title||:||Principles of Public Finance|
|Author||:||J. Ronnie Davis, Charles W. Meyer|
|Publisher||:||Prentice Hall - 1983-01-01|