Alternative measures of the marginal cost of funds
调和了两种不同的资金边际成本衡量方法，通过引入替代的边际效益衡量，展示了它们如何应用于地方成本效益项目评估和次优公共品水平问题，并比较了两种方法的相对优势。
This article reconciles the use of two different marginal cost-of-funds (MCF) measures by resorting to alternative marginal benefit measures. It demonstrates how the alternative MCF measures can be properly applied to two classic problems in expenditure analysis: local cost-benefit project evaluation and the second-best public good level question. Relative strengths of the two MCF approaches in addressing the two problems are identified.