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Models of Public Sector Information Provision via Trading Funds

Models of Public Sector Information Provision via Trading Funds

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Published by erikjonker
Research from the UK which argues why a government should never charge more than the marginal cost for information provision. Source: http://www.berr.gov.uk/files/file45136.pdf
Research from the UK which argues why a government should never charge more than the marginal cost for information provision. Source: http://www.berr.gov.uk/files/file45136.pdf

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Published by: erikjonker on Jun 04, 2010
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Models of Public Sector Information Provision viaTrading Funds
Professor David NewberyFaculty of EconomicsCambridge UniversityProfessor Lionel BentlyCIPIL, Faculty of LawCambridge UniversityRufus PollockMead Fellow in EconomicsEmmanuel College, Cambridge UniversityFebruary 26, 2008
 
Commissioners
This study was commissioned jointly by the Department for Business, Enterpriseand Regulatory Reform (BERR) and HM Treasury in July 2007.
Acknowledgments
The authors would like to thank Christopher Whitcombe for excellent research assis-tance which made a major contribution both to the quality, and timely completion,of the report.
Copying and Redistribution
The contents of this document may be reproduced free of charge in any formator medium provided that it is reproduced accurately and not used in a misleadingcontext. The material must be acknowledged as Crown Copyright and the title of the document given.Any enquiries relating to the copyright in the document should be addressed to theOffice of Public Sector Information by email at: OPSIlicensing@opsi.x.gsi.gov.uk.c
Crown Copyright 2008i
 
Contents
1 Executive Summary 12 Introduction and Background 5
2.1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52.2 Trading funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62.3 Data Distinctions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92.3.1 Raw versus Value-Added . . . . . . . . . . . . . . . . . . . . . 92.3.2 Unrened versus Rened . . . . . . . . . . . . . . . . . . . . . 102.4 Charging Policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
3 Theory 15
3.1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 153.2 Theoretical Underpinnings . . . . . . . . . . . . . . . . . . . . . . . . 163.3 Additional Considerations . . . . . . . . . . . . . . . . . . . . . . . . 213.3.1 The Demand Curve and Social Welfare . . . . . . . . . . . . . 213.3.2 Dynamics and Innovation . . . . . . . . . . . . . . . . . . . . 233.3.3 The Multiplier . . . . . . . . . . . . . . . . . . . . . . . . . . 253.4 Expressions for the Outcomes of Interest . . . . . . . . . . . . . . . . 253.4.1 Summary of Key Variables . . . . . . . . . . . . . . . . . . . . 283.4.2 Average Cost (Cost Recovery) Versus Marginal Cost . . . . . 283.4.3 Profit Maximizing versus Average Cost . . . . . . . . . . . . . 33ii

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