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Foundations in Public Economics : Cambridge Economic Handbooks - David A. Starrett

Foundations in Public Economics

Cambridge Economic Handbooks

Paperback

Published: 3rd April 1989
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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. 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.

Preface and acknowledgments
Notation
Scope and Limitations
Introduction
Social objectives and direct decision making
Market decentralization
Market decentralization
Theory of collective goods
Decision Making in a Mixed Economy
Planning mechanisms
Models of a mixed economy
Government budgeting and fiscal decentralization
Public pricing and optimal-commodity taxation
First-Order Project Analysis
Decompositions and general theory of second best
Principles of shadow pricing
Local public goods
Intertemporal contexts with uncertainty
Identifying shadow values: hedonic methods and capitalization
Evaluating Large Projects
search for exact measures
Surplus approximations
Practical methods for large-project evaluation
Peak-load problem
Epilog
References
Author index
Subject index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521348010
ISBN-10: 0521348013
Series: Cambridge Economic Handbooks
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 332
Published: 3rd April 1989
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 1.9
Weight (kg): 0.49