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  3. Foundations in Public Economics
  • Cited by 58
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    • Publisher:
      Cambridge University Press
      Publication date:
      April 2011
      June 1988
      ISBN:
      9780511559556
      9780521348010
      DOI:
      https://doi.org/10.1017/CBO9780511559556
      Dimensions:
      Weight & Pages:
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.538kg, 332 Pages
      • Subjects:
      Economics, Macroeconomics, Economic Theory
      Series:
      Cambridge Economic Handbooks
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    • Selected: Digital
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    Subjects:
    Economics, Macroeconomics, Economic Theory
    Series:
    Cambridge Economic Handbooks
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    Book description

    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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