Intermediate Public Economics

Name: Intermediate Public Economics
Price: 5.94 USD
Availability: InStock
ISBN: 9780262083447

ISBN-10: 0262083442

ISBN-13: 9780262083447

Edition: 2006

Authors: Jean Hindriks, Gareth D. Myles

List price: $68.00

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Description:

Public economics studies how government taxing and spending activities affect the economy--economic efficiency and the distribution of income and wealth. This comprehensive text in public economics covers the core topics market failure and taxation as well as recent developments in the political economy and public choice literatures. It is unique not only in its broad scope but in its balance between public finance and public choice and its combination of theory and relevant empirical evidence. After introducing the theory and methodology of public economics and reviewing the efficiency of the competitive equilibrium, the book presents a historical and theoretical overview of the public…

Book details

List price: $68.00
Copyright year: 2006
Publisher: MIT Press
Publication date: 4/7/2006
Binding: Hardcover
Pages: 720
Size: 8.25" wide x 9.25" long x 1.50" tall
Weight: 2.992
Language: English

Jean Hindriks is Professor in the Economics Department and Codirector of the Center forOperations Research and Econometrics (CORE) at the Universitï¿½ Catholique de Louvain.

Gareth D. Myles is Head of Department and Professor of Economics at the University of Exeterand a Research Fellow at the Institute for Fiscal Studies. He is the author of PublicEconomics.



Preface



Public Economics And Economic Efficiency



An Introduction to Public Economics



Public Economics



Methods



Analyzing Policy



Preview



Scope


Further Reading


Exercises



Equilibrium and Efficiency



Introduction



Economic Models



Competitive Economies



Efficiency of Competition



Lump-Sum Taxation



Discussion of Assumptions



Summary


Further Reading


Exercises



Government



Public Sector Statistics



Introduction



Historical Development



Composition of Expenditure



Revenue



Measuring the Government



Conclusions


Further Reading


Exercises



Theories of the Public Sector



Introduction



Justification for the Public Sector



Public Sector Growth



Excessive Government



Conclusions


Further Reading


Exercises



Departures From Efficiency



Public Goods



Introduction



Definitions



Private Provision



Efficient Provision



Voting



Personalized Prices



Mechanism Design



More on Private Provision



Fund-Raising Campaigns



Conclusions


Further Reading


Exercises



Club Goods and Local Public Goods



Introduction



Definitions



Single-Product Clubs



Clubs and the Economy



Local Public Goods



The Tiebout Hypothesis



Empirical Tests



Conclusions


Further Reading


Exercises



Externalities



Introduction



Externalities Defined



Market Inefficiency



Externality Examples



Pigouvian Taxation



Licenses



Internalization



The Coase Theorem



Nonconvexity



Conclusions


Further Reading


Exercises



Imperfect Competition



Introduction



Concepts of Competition



Market Structure



Welfare



Tax Incidence



Specific and Ad valorem Taxation



Regulation of Monopoly



Regulation of Oligopoly



Unions and Taxation



Monopsony



Conclusions


Further Reading


Exercises



Asymmetric Information



Introduction



Hidden Knowledge and Hidden Action



Actions or Knowledge?



Market Unraveling



Screening



Signaling



Moral Hazard (Hidden Action)



Public Provision of Health Care



Evidence



Conclusions


Further Reading


Exercises



Political Economy



Voting



Introduction



Stability



Impossibility



Majority Rule



Alternatives to Majority Rule



The Paradox of Voting



The "Alabama" Paradox



Conclusions


Further Reading


Exercises



Rent-Seeking



Introduction



Definitions



Rent-Seeking Games



Social Cost of Monopoly



Equilibrium Effects



Government Policy



Informative Lobbying



Controlling Rent-Seeking



Conclusions


Further Reading


Exercises



Equity And Distribution



Optimality and Comparability



Introduction



Social Optimality



Lump-Sum Taxes



Impossibility of Lump-Sum Taxes



Non-Tax Redistribution



Aspects of Pareto-Efficiency



Social Welfare Functions



The Impossibility



Interpersonal Comparability



Comparability and Social Welfare



Conclusions


Further Reading


Exercises



Inequality and Poverty



Introduction



Measuring Income



Equivalence Scales



Inequality Measurement



Poverty



Conclusions


Further Reading


Exercises



Taxation



Commodity Taxation



Introduction



Deadweight Loss



Optimal Taxation



Production Efficiency



Tax Rules



Equity Considerations



Applications



Efficient Taxation



Public Sector Pricing



Conclusions


Further Reading


Exercises



Income Taxation



Introduction



Equity and Efficiency



Taxation and Labor Supply



Empirical Evidence



Optimal Income Taxation



Two Specializations



Numerical Results



Tax Mix: Separation Principle



Voting over a Flat Tax



Conclusions


Further Reading


Exercises



Tax Evasion



Introduction



The Extent of Evasion



The Evasion Decision



Auditing and Punishment



Evidence on Evasion



Effect of Honesty



Tax Compliance Game



Compliance and Social Interaction



Conclusions


Further Reading


Exercises



Multiple Jurisdictions



Fiscal Federalism



Introduction



Arguments for Multi-level Government



Optimal Structure: Efficiency versus Stability



Accountability



Risk Sharing



Evidence on Decentralization



Conclusions


Further Reading


Exercises



Fiscal Competition



Introduction



Tax Competition



Income Distribution



Intergovernmental Transfers



Evidence



Conclusions


Further Reading


Exercises



Issues Of Time



Intertemporal Efficiency



Introduction



Overlapping Generations



Equilibrium



Optimality and Efficiency



Testing Efficiency



Conclusions


Further Reading


Exercises



Social Security and Debt



Introduction



Types of System



The Pensions Crisis



The Simplest Program



Social Security and Production



Population Growth



Sustaining a Program



Ricardian Equivalence



Social Security Reform



Conclusions


Further Reading


Exercises



Economic Growth



Introduction



Exogenous Growth



Endogenous Growth



Policy Reform



Empirical Evidence



Conclusions


Further Reading


Exercises