Public Finance: Government Revenues and Expenditures in the United States Economy |
Contents
PART ONE INTRODUCTION | 1 |
The Public Sector | 3 |
Introduction | 4 |
Copyright | |
51 other sections not shown
Common terms and phrases
activities additional budget constraint capital gains chapter club Coase theorem collective consumption confectioner consider consumers corrective tax create decision defined property rights demand curve discussed economic Edgeworth box equity example excess burden exchange external cost federal government figure firms free rider problem free riding government expenditures government's holdout problem incentive income tax increase indifference curve individual industry issues less Lindahl prices majority rule marginal cost median voter model national defense negative externality nonexcludable owner ownership paid Pareto criteria Pareto optimal Pareto superior move pecuniary externalities percent of GDP political positive externality preferences private sector problem produced progressive tax protection public finance public interest public policy public sector output rationally ignorant redistribution programs reduce regulation rent seeking representative democracy result sales tax Social Security special interests spending supply curve tax rates tax revenues tax system taxation taxpayers transactions costs types United users utility vote welfare