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C] however, congestion occurs and social marginal cost lies above private marginal cost.
If patients were uninsured, and consuming at point A, there would be a welfare loss associated with underconsumption because the value of care going from A to F (the area under the demand curve between A and F) exceeds the cost (the area under social marginal cost associated with quantities C and D).
ABBREVIATIONS F-H: Fuest and Huber (2001) MCF: Marginal Cost of Public Funds MECR: Marginal Efficiency Cost of Redistribution M-R: Meltzer and Richard (1981) MUI: Marginal Utility of Income RHS: Right Hand Side SMCF: Social Marginal Cost of Public Funds REFERENCES Alesina, A.
In this case, the social marginal cost of the public good equals its private marginal cost of production.