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Intermediate public economics:

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Bibliographic Details
Main Authors:	Hindriks, Jean (Author), Myles, Gareth D. 1961- (Author)
Format:	Book
Language:	English
Published:	Cambridge, Mass. [u.a.] MIT Press 2006
Subjects:	Economía del bienestar Ekonomi politikası Finances publiques Hacienda pública Imposition Maliye, Kamu Modèle économique Politique économique Política económica Refah ekonomisi Répartition du revenu Économie du bien-être Économie publique Finanzwirtschaft Wirtschaftspolitik Welfare economics Finance, Public Economic policy Wohlfahrtstheorie Öffentliche Wirtschaft Finanzwissenschaft Öffentlicher Sektor
Links:	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014776859&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
Item Description:	Erg.: Hashimzade, Nigar: Solutions manual to accompany Intermediate public economics Includes bibliographical references and index
Physical Description:	XVII, 724 S. graph. Darst.
ISBN:	0262083442 9780262083447

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Record in the Search Index

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adam_text	Contents Preface xix I PUBLIC ECONOMICS AND ECONOMIC EFFICIENCY 1 3 3 3 5 6 8 9 9 11 11 11 12 13 20 24 25 30 31 35 38 40 41 42 42 Π GOVERNMENT 47 3 Public Sector Statistics 49 3.1 Introduction 49 3.2 Historical Development 49 1 An Introduction to Public Economics 1.1 Public Economics 1.2 Methods 1.3 Analyzing Policy 1.4 Preview 1.5 Scope Further Reading Exercises 2 Equilibrium and Efficiency 2.1 Introduction 2.2 Economic Models 2.3 Competitive Economies 2.3.1 The Exchange Economy 2.3.2 Production and Exchange 2.4 Efficiency of Competition 2.4.1 Single Consumer 2.4.2 Pareto-Efficiency 2.4.3 Efficiency in an Exchange Economy 2.4.4 Extension to Production 2.5 Lump-Sum Taxation 2.6 Discussion of Assumptions 2.7 Summary Further Reading Exercises viii Contents 3.3 Composition of Expenditure 55 3.4 Revenue 61 3.5 Measuring the Government 67 3.6 Conclusions 69 Further Reading 69 Exercises 70 4 Theories of the Public Sector 73 4.1 Introduction 73 4.2 Justification for the Public Sector 73 4.2.1 The Minimal State 73 4.2.2 Market versus Government 75 4.2.3 Equity 76 4.2.4 Efficiency and Equity 77 4.3 Public Sector Growth 77 4.3.1 Development Models 78 4.3.2 Wagner s Law 79 4.3.3 Baumol s Law 80 4.3.4 A Political Model 81 4.3.5 Ratchet Effect 83 4.4 Excessive Government 84 4.4.1 Bureaucracy 84 4.4.2 Budget-Setting 87 4.4.3 Monopoly Power 88 4.4.4 Corruption 89 4.4.5 Government Agency 90 4.4.6 Cost Diffusion 92 4.5 Conclusions 93 Further Reading 94 Exercises 95 Ш DEPARTURES FROM EFFICIENCY 99 5 Public Goods 101 5.1 Introduction 101 5.2 Definitions 102 5.3 Private Provision 103 ix Contents 5.4 Efficient Provision 108 5.5 Voting 110 5.6 Personalized Prices 113 5.7 Mechanism Design 117 5.7.1 Examples of Preference Revelation 117 5.7.2 Clarke-Groves Mechanism 120 5.7.3 Clarke Tax 122 5.7.4 Further Comments 123 5.8 More on Private Provision 124 5.8.1 Neutrality and Population Size 124 5.8.2 Experimental Evidence 128 5.8.3 Modifications 130 5.9 Fund-Raising Campaigns 132 5.9.1 The Contribution Campaign 133 5.9.2 The Subscription Campaign 135 5.10 Conclusions 136 Further Reading 137 Exercises 138 6 Club Goods and Local Public Goods 143 6.1 Introduction 143 6.2 Definitions 144 6.3 Single-Product Clubs 145 6.3.1 Fixed Utilization 146 6.3.2 Variable Utilization 148 6.3.3 Two-Part Tariff 149 6.4 Clubs and the Economy 151 6.4.1 Small Clubs 152 6.4.2 Large Clubs 153 6.4.3 Conclusion 160 6.5 Local Public Goods 160 6.6 The Tiebout Hypothesis 164 6.7 Empirical Tests 167 6.8 Conclusions 169 Further Reading 169 Exercises 170 Contents 7 Externalities 7.1 Introduction 7.2 Externalities Defined 7.3 Market Inefficiency 7.4 Externality Examples 7.4.1 River Pollution 7.4.2 Traffic Jams 7.4.3 Pecuniary Externality 7.4.4 The Rat Race Problem 7.4.5 The Tragedy of the Commons 7.4.6 Bandwagon Effect 7.5 Pigouvian Taxation 7.6 Licenses 7.7 Internalization 7.8 The Coase Theorem 7.9 Nonconvexity 7.10 Conclusions Further Reading Exercises 8 Imperfect Competition 8.1 Introduction 8.2 Concepts of Competition 8.3 Market Structure 8.3.1 Defining the Market 8.3.2 Measuring Competition 8.4 Welfare 8.4.1 Inefficiency 8.4.2 Incomplete Information 8.4.3 Measures of Welfare Loss 8.5 Tax Incidence 8.6 Specific and Ad valorem Taxation 8.7 Regulation of Monopoly 8.8 Regulation of Oligopoly 8.8.1 Detecting Collusion 8.8.2 Merger Policy 8.9 Unions and Taxation 175 175 176 177 180 180 181 182 184 185 187 188 191 194 195 199 201 202 203 207 207 208 209 209 210 212 213 216 217 220 227 230 235 235 236 238 xi Contents 8.10 Monopsony 239 8.11 Conclusions 241 Further Reading 242 Exercises 244 9 Asymmetric Information 251 9.1 Introduction 251 9.2 Hidden Knowledge and Hidden Action 254 9.3 Actions or Knowledge? 255 9.4 Market Unraveling 256 9.4.1 Hazard Insurance 256 9.4.2 Government Intervention 259 9.5 Screening 261 9.5.1 Perfect Information Equilibrium 263 9.5.2 Imperfect Information Equilibrium 264 9.5.3 Government Intervention 268 9.6 Signaling 269 9.6.1 Educational Signaling 270 9.6.2 Implications 276 9.7 Moral Hazard (Hidden Action) 277 9.7.1 Moral Hazard in Insurance 278 9.7.2 Effort Observable 279 9.7.3 Effort Unobservable 281 9.7.4 Second-Best Contract 282 9.7.5 Government Intervention 284 9.8 Public Provision of Health Care 285 9.8.1 Efficiency 285 9.8.2 Redistributive Politics 287 9.9 Evidence 289 9.10 Conclusions 291 Further Reading 291 Exercises 293 IV POLITICAL ECONOMY 299 10 Voting 301 10.1 Introduction 301 10.2 Stability 301 xii Contents 10.3 Impossibility 303 10.4 Majority Rule 306 10.4.1 May s Theorem 306 10.4.2 CondorcetWinner 307 10.4.3 Median Voter Theorems 307 10.4.4 Multidimensional Voting 312 10.4.5 Agenda Manipulation 314 10.5 Alternatives to Majority Rule 317 10.5.1 Borda Voting 318 10.5.2 Plurality Voting 319 10.5.3 Approval Voting 320 10.5.4 Runoff Voting 321 10.6 The Paradox of Voting 322 10.7 The Alabama Paradox 327 10.8 Conclusions 329 Further Reading 329 Exercises 331 11 Rent-Seeking 335 11.1 Introduction 335 11.2 Definitions 336 11.3 Rent-Seeking Games 338 11.3.1 Deterministic Game 339 11.3.2 Probabilistic Game 342 11.3.3 Free-Entry 344 11.3.4 Risk Aversion 345 11.3.5 Conclusions 346 11.4 Social Cost of Monopoly 346 11.5 Equilibrium Effects 349 11.6 Government Policy 352 11.6.1 Lobbying 352 11.6.2 Rent Creation 354 11.6.3 Conclusions 356 11.7 Informative Lobbying 356 11.8 Controlling Rent-Seeking 361 11.9 Conclusions 362 Further Reading 363 Exercises 364 Contents V EQUITY AND DISTRIBUTION 367 12 Optimality and Comparability 369 12.1 Introduction 369 12.2 Social Optimality 370 12.3 Lump-Sum Taxes 373 12.4 Impossibility of Optimality 375 12.5 Non-Tax Redistribution З8О 12.6 Aspects of Pareto-Efficiency 382 12.7 Social Welfare Functions З85 12.8 Arrow s Theorem З87 12.9 Interpersonal Comparability З88 12.10 Comparability and Social Welfare 392 12.11 Conclusions 396 Further Reading 397 Exercises 399 13 Inequality and Poverty 403 13.1 Introduction 403 13.2 Measuring Income 404 13.3 Equivalence Scales 406 13.4 Inequality Measurement 412 13.4.1 The Setting 413 13.4.2 Statistical Measures 413 13.4.3 Inequality and Welfare 421 13.4.4 An Application 426 13.5 Poverty 428 13.5.1 Poverty and the Poverty Line 428 13.5.2 Poverty Measures 43О 13.5.3 Two Applications 434 13.6 Conclusions 435 Further Reading 437 Exercises 438 VI TAXATION 441 14 Commodity Taxation 443 14.1 Introduction 443 Contents 14.2 Deadweight Loss 444 14.3 Optimal Taxation 447 14.4 Production Efficiency 451 14.5 Tax Rules 453 14.5.1 The Inverse Elasticity Rule 454 14.5.2 The Ramsey Rule 456 14.6 Equity Considerations 460 14.7 Applications 462 14.7.1 Reform 463 14.7.2 Optimality 465 14.8 Efficient Taxation 467 14.9 Public Sector Pricing 469 14.10 Conclusions 469 Further Reading 470 Exercises 471 15 Income Taxation 477 15.1 Introduction 477 15.2 Equity and Efficiency 478 15.3 Taxation and Labor Supply 479 15.4 Empirical Evidence 483 15.5 Optimal Income Taxation 486 15.6 Two Specializations 493 15.6.1 Quasi-Linearity 493 15.6.2 Rawlsian Taxation 496 15.7 Numerical Results 499 15.8 Tax Mix: Separation Principle 501 15.9 Voting over a Flat Tax 503 15.10 Conclusions 506 Further Reading 506 Exercises 508 16 Tax Evasion 513 16.1 Introduction 513 16.2 The Extent of Evasion 514 16.3 The Evasion Decision 516 16.4 Auditing and Punishment 523 16.5 Evidence on Evasion 526 xv Contents 16.6 Effect of Honesty 529 16.7 Tax Compliance Game 531 16.8 Compliance and Social Interaction 534 16.9 Conclusions 536 Further Reading 536 Exercises 537 VII MULTIPLE JURISDICTIONS 541 17 Fiscal Federalism 543 17.1 Introduction 543 17.2 Arguments for Multi-level Government 544 17.2.1 The Costs of Uniformity 545 17.2.2 The Tiebout Hypothesis 547 17.2.3 Distributive Arguments 548 17.3 Optimal Structure: Efficiency versus Stability 548 17.4 Accountability 5 51 17.5 Risk Sharing 554 17.5.1 Voluntary Risk Sharing 555 17.5.2 Insurance versus Redistribution 557 17.6 Evidence on Decentralization 559 17.6.1 Decentralization around the World 559 17.6.2 Decentralization by Functions 560 17.6.3 Determinants of Decentralization 560 17.7 Conclusions 562 Further Reading 563 Exercises 564 18 Fiscal Competition 569 18.1 Introduction 569 18.2 Tax Competition 569 18.2.1 Competitive Behavior 570 18.2.2 Strategic Behavior 571 18.2.3 Size Matters 577 18.2.4 Tax Overlap 578 18.2.5 Tax Exporting 580 18.2.6 Efficient Tax Competition 582 xvi Contents 18.3 Income Distribution 584 18.3.1 Perfect Mobility 584 18.3.2 Imperfect Mobility 585 18.3.3 Race to the Bottom 588 18.4 Intergovernmental Transfers 589 18.4.1 Efficiency 589 18.4.2 Redistribution 592 18.4.3 Flypaper Effect 593 18.5 Evidence 594 18.5.1 Race to the Bottom 594 18.5.2 Race to the Top 596 18.5.3 Tax Mimicking 597 18.6 Conclusions 597 Further Reading 599 Exercises 601 VIII ISSUES OF TIME 605 19 Intertemporal Efficiency 607 19.1 Introduction 607 19.2 Overlapping Generations 609 19.2.1 Time and Generations 609 19.2.2 Consumers 610 19.2.3 Production 611 19.3 Equilibrium 614 19.3.1 Intertemporal Equilibrium 615 19.3.2 Steady State 615 19.4 Optimality and Efficiency 618 19.4.1 The Golden Rule 618 19.4.2 Pareto-Efficiency 621 19.5 Testing Efficiency 625 19.6 Conclusions 626 Further Reading 626 Exercises 627 20 Social Security 631 20.1 Introduction 631 20.2 Types of System 632 xvii Contents 634 637 639 643 646 651 653 659 660 661 665 665 666 666 673 679 679 681 685 688 693 Further Reading 694 Exercises 696 Index 699 20.3 The Pensions Crisis 20. ,4 The Simplest Program 20.5 Social Security and Production 20. .6 Population Growth 20. .7 Sustaining a Program 20. .8 Ricardian Equivalence 20.9 Social Security Reform 20. .10 Conclusions Further Reading Exercises 21 1 Economic Growth 21. 1 Introduction 21. 2 Exogenous Growth 21.2.1 Constant Savings Rate 21.2.2 Optimal Taxation 21. .3 Endogenous Growth 21.3.1 Models of Endogenous Growth 21.3.2 Government Expenditure 21. 4 Policy Reform 21. .5 Empirical Evidence 21. 6 Conclusions
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id	DE-604.BV021560919
illustrated	Illustrated
indexdate	2024-12-20T12:36:29Z
institution	BVB
isbn	0262083442 9780262083447
language	English
lccn	2005051702
oai_aleph_id	oai:aleph.bib-bvb.de:BVB01-014776859
oclc_num	266084535
open_access_boolean
owner	DE-384 DE-20 DE-1049 DE-19 DE-BY-UBM DE-N2 DE-473 DE-BY-UBG DE-521 DE-M382 DE-1047 DE-188 DE-M49 DE-BY-TUM DE-945 DE-703
owner_facet	DE-384 DE-20 DE-1049 DE-19 DE-BY-UBM DE-N2 DE-473 DE-BY-UBG DE-521 DE-M382 DE-1047 DE-188 DE-M49 DE-BY-TUM DE-945 DE-703
physical	XVII, 724 S. graph. Darst.
publishDate	2006
publishDateSearch	2006
publishDateSort	2006
publisher	MIT Press
record_format	marc
spellingShingle	Hindriks, Jean Myles, Gareth D. 1961- Intermediate public economics Economía del bienestar Ekonomi politikası Finances publiques Finances publiques rasuqam Hacienda pública Imposition rasuqam Maliye, Kamu Modèle économique rasuqam Politique économique Politique économique rasuqam Política económica Refah ekonomisi Répartition du revenu rasuqam Économie du bien-être Économie du bien-être rasuqam Économie publique rasuqam Finanzwirtschaft Wirtschaftspolitik Welfare economics Finance, Public Economic policy Wohlfahrtstheorie (DE-588)4066735-2 gnd Öffentliche Wirtschaft (DE-588)4242500-1 gnd Finanzwissenschaft (DE-588)4121273-3 gnd Öffentlicher Sektor (DE-588)4056673-0 gnd
subject_GND	(DE-588)4066735-2 (DE-588)4242500-1 (DE-588)4121273-3 (DE-588)4056673-0
title	Intermediate public economics
title_auth	Intermediate public economics
title_exact_search	Intermediate public economics
title_full	Intermediate public economics Jean Hindriks and Gareth D. Myles
title_fullStr	Intermediate public economics Jean Hindriks and Gareth D. Myles
title_full_unstemmed	Intermediate public economics Jean Hindriks and Gareth D. Myles
title_short	Intermediate public economics
title_sort	intermediate public economics
topic	Economía del bienestar Ekonomi politikası Finances publiques Finances publiques rasuqam Hacienda pública Imposition rasuqam Maliye, Kamu Modèle économique rasuqam Politique économique Politique économique rasuqam Política económica Refah ekonomisi Répartition du revenu rasuqam Économie du bien-être Économie du bien-être rasuqam Économie publique rasuqam Finanzwirtschaft Wirtschaftspolitik Welfare economics Finance, Public Economic policy Wohlfahrtstheorie (DE-588)4066735-2 gnd Öffentliche Wirtschaft (DE-588)4242500-1 gnd Finanzwissenschaft (DE-588)4121273-3 gnd Öffentlicher Sektor (DE-588)4056673-0 gnd
topic_facet	Economía del bienestar Ekonomi politikası Finances publiques Hacienda pública Imposition Maliye, Kamu Modèle économique Politique économique Política económica Refah ekonomisi Répartition du revenu Économie du bien-être Économie publique Finanzwirtschaft Wirtschaftspolitik Welfare economics Finance, Public Economic policy Wohlfahrtstheorie Öffentliche Wirtschaft Finanzwissenschaft Öffentlicher Sektor
url	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014776859&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
work_keys_str_mv	AT hindriksjean intermediatepubliceconomics AT mylesgarethd intermediatepubliceconomics

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