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A Course in Public Economics explores the central questions of whether or not markets work, and if not, what is to be done about it. The first part of the textbook, designed for upper-level undergraduates and first-year graduate students, begins with an extended discussion of the two theorems of welfare economics. These theorems show that competitive markets can give rise to socially desirable outcomes, and describe the conditions under which they do so. The second part of the book discusses the kinds of market failure - externalities, public goods, imperfect competition and asymmetric information - that arise when these conditions are not met. The role of the government in resolving market failures is examined. The limits of government action, especially those arising from asymmetric information, are also investigated. A knowledge of intermediate microeconomics and basic calculus is assumed.
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Previews available in: English
Edition | Availability |
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1
A Course in Public Economics
November 24, 2003, Cambridge University Press
Hardcover
in English
0521828775 9780521828772
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2
A Course in Public Economics
November 10, 2003, Cambridge University Press
Paperback
in English
0521535670 9780521535670
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WorldCat
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3
A Course in Public Economics
1999, Cambridge University Press
E-book
in English
0511162197 9780511162190
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Book Details
First Sentence
"Competitive markets seem to have a great deal in common with the little girl who had a little curl."
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Feedback?November 19, 2022 | Edited by ImportBot | import existing book |
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