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A course in public economics / John Leach.

By: Leach, John, 1952 April 5-.
Material type: materialTypeLabelBookPublisher: Cambridge, UK New York, USA : Cambridge University Press, 2004Description: xx, 413 p. : ill. ; 26 cm. + pbk.ISBN: 0521828775; 0521535670 .Subject(s): Economics | Economics -- Mathematical models | Economics -- Problems, exercises, etc | Economic policy | Capitalism | Public goodsDDC classification: 330
Contents:
Introduction -- Markets -- The exchange economy -- An algebraic exchange economy -- The production economy -- Consumer and producer surplus -- Externalities -- Externalities and negotiation -- Permit trading -- Renewable common property resources -- Co-ordination failures -- Public goods -- Pure public goods -- Two examples of pure public goods -- Impure public goods -- The link between public goods and externalities -- Imperfect competition -- Monopoly -- Pricing rules under imperfect competition -- Taxation and efficiency -- Taxation -- The welfare cost of tax interactions -- The theory of the second best -- Asymmetric information and efficiency -- Asymmetric information -- Preference revelation -- Regulation of a natural monopoly -- Other examples of asymmetric information -- Asymmetric information and income redistribution -- The distribution of income -- The limits to income redistribution -- Redistributing income through tagging and targeting -- The role of government in a market economy.
Holdings
Item type Current library Call number Copy number Status Barcode
General lending MTU Bishopstown Library Lending 330 (Browse shelf(Opens below)) 1 Available 00106508
Total holds: 0

Enhanced descriptions from Syndetics:

A Course in Public Economics, first published in 2004, explores the central questions of whether or not markets work, and if not, what is to be done about it. The first part of the textbook, designed for upper-level undergraduates and first-year graduate students, begins with an extended discussion of the two theorems of welfare economics. These theorems show that competitive markets can give rise to socially desirable outcomes, and describe the conditions under which they do so. The second part of the book discusses the kinds of market failure - externalities, public goods, imperfect competition and asymmetric information - that arise when these conditions are not met. The role of the government in resolving market failures is examined. The limits of government action, especially those arising from asymmetric information, are also investigated. A knowledge of intermediate microeconomics and basic calculus is assumed.

Includes bibliographical references (pages 405-407) and index.

Introduction -- Markets -- The exchange economy -- An algebraic exchange economy -- The production economy -- Consumer and producer surplus -- Externalities -- Externalities and negotiation -- Permit trading -- Renewable common property resources -- Co-ordination failures -- Public goods -- Pure public goods -- Two examples of pure public goods -- Impure public goods -- The link between public goods and externalities -- Imperfect competition -- Monopoly -- Pricing rules under imperfect competition -- Taxation and efficiency -- Taxation -- The welfare cost of tax interactions -- The theory of the second best -- Asymmetric information and efficiency -- Asymmetric information -- Preference revelation -- Regulation of a natural monopoly -- Other examples of asymmetric information -- Asymmetric information and income redistribution -- The distribution of income -- The limits to income redistribution -- Redistributing income through tagging and targeting -- The role of government in a market economy.

Table of contents provided by Syndetics

  • Part I Markets; Section (p. 2)
  • The Exchange Economy
  • Part II Externalities; Section (p. 6)
  • Externalities and Negotiation
  • Part III Public Goods; Section
  • Asymmetric Informa
  • T
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