Political Economy of Fairness

Name: Political Economy of Fairness
Price: 4.64 USD
Availability: InStock
ISBN: 9780262740197

ISBN-10: 0262740192

ISBN-13: 9780262740197

Edition: 1996

Authors: Edward E. Zajac

List price: $7.75

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Description:

How should the government balance the aims of justice and economic efficiency when intervening in the economy? In Political Economy of FairnessEdward Zajac seeks not only to raise the level of the fairness-economic efficiency debate, but to show both the importance and the difficulty (illustrated by the ongoing struggle of the Supreme Court to put meaning into the Sherman and Clayton antitrust acts) of getting the economic theory right in executing fairness-motivated policy. He also reveals both the pervasiveness of government interference in the marketplace and the generality of the stakeholders-fairness-efficiency paradigm as an organizing framework for identifying and analyzing the…

Book details

List price: $7.75
Copyright year: 1996
Publisher: MIT Press
Publication date: 9/25/1996
Binding: Paperback
Pages: 340
Size: 6.25" wide x 9.25" long x 0.75" tall
Weight: 0.990
Language: English



Acknowledgments



Basic Economic Concepts and Ideas



The Concept of Economic Efficiency



More Economic Concepts



Externalities and Public Goods



On Firms (Private or Public Organizations)



Risk and Incentives; Principal-Agent Theory



Fairness Theory



A Brief Intellectual History of the Economist's Current Ethical Outlook



Normative Theories I: John Rawls



Normative Theories II: Robert Nozick, Utilitarianism, and Superfairness



Positive Theories I: The Formal Principle of Distributive Justice and Institutional Framing



Positive Theories II: Perceived Economic Justice in Public Utility Regulation



Strategic Uses of Fairness



Normative and Positive Economic Theories of Regulation



Public Interest (Normative) Economic Theories of Regulation



Interest Group (Positive) Economic Theories of Regulation: Incentive-Compatible Regulation



Case Studies and Applications



Introduction to Part IV



Progressive Taxation



Unfair Pricing I: Cross-Subsidization



Unfair Pricing II: Predatory Pricing and Dumping - Whose Ox Is Being Gored?



Evaluating Assets Fairly: The Example of Public Utility Regulation



The Supreme Court's Struggle with Mergers and Breakups



Attempts to Break Out of the Regulatory Straitjacket, Fairly



Social Regulation: A Medley of the Power of the Media, Efficiency, Utilitarianism, and Individual Rights


Glossary


Notes


References


Index