Foundations in Public Economics

Download or read book Foundations in Public Economics written by David A. Starrett and published by Cambridge University Press. This book was released on 1988-06-24 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.