Many matching grant programs specify that the federal government matches, on a dollar-for-dollar basis, local expenditures up
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Many matching grant programs specify that the federal government matches, on a dollar-for-dollar basis, local expenditures up to some particular maximum. Draw the budget constraint between private goods and local public goods facing a community of identical individuals. Discuss the effect of such a matching program on communities that do not go to the maximum. Discuss the eff ect on communities that go beyond the maximum.
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Related Book For
Economics Of The Public Sector
ISBN: 9780393925227
4th Edition
Authors: Joseph E. Stiglitz, Jay K. Rosengard
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