Public Economics

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Cambridge University Press, Nov 23, 1995 - Business & Economics - 546 pages
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This up-to-date new textbook provides a thorough treatment of all the central topics in public economics. Aimed at senior undergraduate and graduate students, it will also be invaluable to professional economists and to those teaching in the field. The book is entirely self-contained, giving all the equilibrium theory and welfare economics needed to understand the analyses. The author covers the Arrow-Debreu economy, welfare economics and the measurement of inequality and povery which lay the foundations and emphasize the important role played by information. Within the competitive economy, he examines commodity taxation, income taxation and tax reform in a certain environment. He goes on to study the public economics of uncertainty, and then treats public goods, externalities, imperfect competition and tax evasion as departures from the standard competitive assumptions and looks at their implication for public economics derived. Finally, after treatment of the overlapping generations economy, he addresses intertemporal issues concerning social security and debts.
  

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Contents

Introduction
3
General equilibrium and welfare economics
18
Topics in measurement
59
Analysis in the competitive economy
97
Commodity taxation
99
Income taxation
131
Policy reform
167
Risk
196
Externalities
312
Imperfect competition
348
Tax evasion
383
Introducing real time
413
Overlapping generation economics
415
Social security
446
Debt and taxation
485
References
516

Corporate taxation
231
Relaxing the assumptions
261
Public goods
263

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