Public Finance: A Normative Theory / Edition 2

Public Finance: A Normative Theory / Edition 2

by Richard W. Tresch
     
 

ISBN-10: 0126990514

ISBN-13: 9780126990515

Pub. Date: 05/22/2002

Publisher: Elsevier Science

Featuring a general equilibrium framework that is both cohesive and versatile, the Second Edition of Public Finance: A Normative Theory brings new and updated information to this classic text. Through its concentration on the microeconomic theory of the public sector in the context of capitalist market economics it addresses the subjects traditionally at

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Overview

Featuring a general equilibrium framework that is both cohesive and versatile, the Second Edition of Public Finance: A Normative Theory brings new and updated information to this classic text. Through its concentration on the microeconomic theory of the public sector in the context of capitalist market economics it addresses the subjects traditionally at the heart of public sector economics, including public good theory, theory of taxation, welfare analysis, externalities, tax incidence, cost benefit analysis, and fiscal federalism. Its goal of providing a foundation, rather than attempting to present the most recent scholarship in detail, makes this Second Edition both a valuable text and a resource for professionals.

• Second edition provides new and updated information
• Focuses on the heart of public sector economics, including public expenditure theory and policy, tax theory and policy, cost benefit-analysis, and fiscal federalism
• Features a cohesive and versatile general equilibrium framework

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Product Details

ISBN-13:
9780126990515
Publisher:
Elsevier Science
Publication date:
05/22/2002
Edition description:
REV
Pages:
950
Product dimensions:
9.00(w) x 6.00(h) x 2.31(d)

Table of Contents

Part I: Introduction: The Content and Methodology of Public Sector Theory
Introduction to Normative Public Sector Theory
A General Equilibrium Model for Public Sector Analysis
First-Best and Second-Best Analysis and the Political Economy of Public Sector Economics
Part II: The Theory of Public Expenditures and Taxation: First-Best Analysis
The Social Welfare Function in Policy Analysis
The Problem of Externalities: An Overview
Consumption Externalities
Production Externalities
The US Anti-Pollution Policies: An Application of Externality Theory
The Theory of Decreasing Cost Production
The First-Best Theory of Taxation
Applying First-Best Principles of Taxation: What to Tax and How
Part III: The Theory of Public Expenditures and Taxation: Second-Best Analysis
Introduction to Second-Best Analysis
The Second-Best Theory of Taxation in One-Consumer Economies with Linear Production Technology
The Second-Best Theory of Taxation with General Production Technologies and Many Consumers
Taxation under Asymmetric Information
The Theory and Measurement of Tax Incidence
Expenditure Incidence and Economy-Wide Incidence Studies
The Second-Best Theory of Public Expenditures—Overview
Transfer Payments and Private Information
Externalities in a Second-Best Environment
Decreasing Costs and the Theory of the Second Best—the Boiteux Problem
General Production Rules in a Second-Best Environment
Part IV: Cost-Benefit Analysis
Introduction—the Issues of Cost-Benefit Analysis
The Rate of Discount for Public Investments
Uncertainty and the Arrow-Lind Problem
Measurement Problems in Cost-Benefit Analysis
Co

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