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  Public Finance and Public Policy: Responsibilities and Limitations of Government (Paperback) By (author) Arye L. Hillman

  

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  Short Description for Public Finance and Public PolicyThis second edition provides an accessible introduction to the use of public finance and public policy to improve market outcomes.
  Full description

  • Publisher: CAMBRIDGE UNIVERSITY PRESS
  • Published: 06 April 2009
  • Format: Paperback 870 pages
  • See: Full bibliographic data
  • Categories: Political Science & Theory | Business, Finance & Law | Economics | Political Economy | Finance | Public Finance | Taxation
  • ISBN 13: 9780521738057 ISBN 10: 0521738059
  • Sales rank: 198,416

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Full description for Public Finance and Public Policy

• The second edition of Public Finance and Public Policy retains the first edition's themes of investigation of responsibilities and limitations of government. The present edition has been rewritten and restructured. Public choice and political economy concepts and political and bureaucratic principal-agent problems are introduced at the beginning for application to later topics. Fairness, envy, hyperbolic discounting, and other concepts of behavioral economics are integrated throughout. The consequences of asymmetric information and the tradeoff between efficiency and ex-post equality are recurring themes. Key themes investigated are markets and governments, institutions and governance, public goods, public finance for public goods, market corrections (externalities and paternalist public policies), voting, social justice, entitlements and equality of opportunity, choice of taxation, and the need for government. The purpose of the book is to provide an accessible introduction to the use of public finance and public policy to improve on market outcomes.