This book provides a set of lectures for an intermediate course in Public economics devoted to four topics, in many elements related each other. The first one is the Economics of institutions and political economy, as a general framework to analyze the public intervention in modern economies. The second one is the Economics of Law, which is at the basis of the working of the exchange economy. The third one is the Economics of public services enterprises ownership and the fourth one is the Economics of the organization of public administration in providing public services, with particular reference to the National health care systems and to the local public municipalities. As the standard textbooks in the field usually do not treat within unitary and comprehensive terms these issues, the book would provide an attempt in this direction.
This book provides an original framework to assess public investment policies co-financed by Union (Federal) governments. This framework is applied to two important case studies: the EU Cohesion Policy and the US Federal Investment Policies. Cost-Benefit Analysis of Multi-Level Government sheds light on a number of outstanding issues of economic theory by extending the theory of shadow prices, and provides guidance to real-world decision makers. In particular, the following questions are addressed: Under which theoretical circumstances, higher level government intervention in Member States through investment policies is justified? Is there any new welfare economics rationale underpinning interregional equity? What is the relationship between interregional and interpersonal income distribution? How can social exclusion be included in cost-benefit tests? How can higher level government budget funds to investment policies before it bargains programming documents with lower tiers of government by considering also their response function? In these circumstances, how can optimal matching rates be derived assuming binding and non binding budgetary constraints? Can such a theoretical framework be applied for guidance to real-world decision makers? The book will be of interest to policy makers, postgraduate students and researchers in cost-benefit analysis, welfare economics, public choice, public finance, multi-level government economics, and income distribution issues.
This book reflects the reality of most taxpayers. It provides a comprehensive and up-to-date treatment of optimal tax issues from a household economics perspective. A unified and integrated approach is employed to analyze optimal taxation in a homogeneous way. The author adopts a household production approach to allow a critical understanding of the way tax policy impacts economic agents. This way home activities can be studied with the same toolbox normally employed for the market activities. This is motivated by the fact that in reality most agents act from within a family, and their interaction with the economy at large and tax policy in particular is mediated by the interdependence of the family members‘ choices, although taxation is typically studied in a framework in which the economic agents are isolated individuals. The aim of the book is to provide, a comprehensive treatment of family taxation whithin this approach, focusing on the normative side – social welfare maximising taxation. As a consequence of the book's analysis, many important and established results in public economics may have to be revised. The book will be useful to both graduate students and researchers alike in that it adopts a rigorous analytical language but also includes ample intuitive explanations.
This book provides a set of lectures for an intermediate course in Public economics devoted to four topics, in many elements related each other. The first one is the Economics of institutions and political economy, as a general framework to analyze the public intervention in modern economies. The second one is the Economics of Law, which is at the basis of the working of the exchange economy. The third one is the Economics of public services enterprises ownership and the fourth one is the Economics of the organization of public administration in providing public services, with particular reference to the National health care systems and to the local public municipalities. As the standard textbooks in the field usually do not treat within unitary and comprehensive terms these issues, the book would provide an attempt in this direction.
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