Description |
xvi, 315 pages : illustrations ; 26 cm |
Series |
Cambridge economic handbooks |
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Cambridge economic handbooks.
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Contents |
Machine derived contents note: Preface and acknowledgments -- Notation -- Part I. Scope and Limitations: 1. Introduction -- 2. Social objectives and direct decision making -- 3. Market decentralization -- 4. Market decentralization -- 4. Theory of collective goods -- Part II. Decision Making in a Mixed Economy: 5. Planning mechanisms -- 6. Models of a mixed economy -- 7. Government budgeting and fiscal decentralization -- 8. Public pricing and optimal-commodity taxation -- Part III. First-Order Project Analysis: 9. Decompositions and general theory of second best -- 10. Principles of shadow pricing -- 11. Local public goods -- 12. Intertemporal contexts with uncertainty -- 13. Identifying shadow values: hedonic methods and capitalization -- Part IV. Evaluating Large Projects: 14. search for exact measures -- 15. Surplus approximations -- 16. Practical methods for large-project evaluation -- 17. Peak-load problem -- Epilog -- References -- Author index -- Subject index |
Summary |
Discusses the major theoretical foundations of modern public sector economics. Includes market failures encompassing externalities, pure public goods, local public goods and natural monopolies. Representative voting, benefit cost analysis, incentive compatible design mechanisms and the free market are points also covered. Special attention is paid to financial arrangements, techniques for eliciting necessary information and identification of biases that will result from incorrect procedures |
Analysis |
Finance |
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Overseas item |
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Public finance |
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Welfare state |
Notes |
Includes indexes |
Bibliography |
Bibliography: pages 294-306 |
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Includes index |
Subject |
Finance, Public.
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Welfare economics.
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LC no. |
87027892 |
ISBN |
0521342562 |
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0521348013 (paperback) |
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