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Foundations in Public Economics By David A. Starrett

Foundations in Public Economics
by David A. Starrett

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In this book, Professor David Starrett organizes within a single framework the major theoretical foundations of modern public sector economics. He presents a unified treatment of market failure that encompasses externalities, pure public goods, local public goods and natural monopolies.
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Foundations in Public Economics Summary


Foundations in Public Economics by David A. Starrett

In this book, Professor David Starrett organizes within a single framework the major theoretical foundations of modern public sector economics. He presents a unified treatment of market failure that encompasses externalities, pure public goods, local public goods and natural monopolies. Professor Starrett then develops and assesses the efficacy of the various planning procedures - including representative voting, benefit cost analysis, incentive compatible design mechanisms and the free market. He devotes attention to both national and local issues, with the aim of identifying those methods that are best suited to each arena separately. Special attention is paid to financial arrangements, techniques for eliciting necessary information that is not readily available, and identification of biases that will result from incorrect procedures. This study will be useful to graduate students and economists who are interested in public finance or welfare economics.

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Table of Contents


Preface and acknowledgments; Notation; Part I. Scope and Limitations: 1. Introduction; 2. Social objectives and direct decision making; 3. Market decentralization; 4. Market decentralization; 4. Theory of collective goods; Part II. Decision Making in a Mixed Economy: 5. Planning mechanisms; 6. Models of a mixed economy; 7. Government budgeting and fiscal decentralization; 8. Public pricing and optimal-commodity taxation; Part III. First-Order Project Analysis: 9. Decompositions and general theory of second best; 10. Principles of shadow pricing; 11. Local public goods; 12. Intertemporal contexts with uncertainty; 13. Identifying shadow values: hedonic methods and capitalization; Part IV. Evaluating Large Projects: 14. search for exact measures; 15. Surplus approximations; 16. Practical methods for large-project evaluation; 17. Peak-load problem; Epilog; References; Author index; Subject index.

Additional information

GOR010192526
Foundations in Public Economics by David A. Starrett
David A. Starrett
Cambridge Economic Handbooks
Used - Very Good
Paperback
Cambridge University Press
1988-06-24
332
0521348013
9780521348010
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us.