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| public finance and public choice: Public Finance and Public Choice James M. Buchanan, 1999 Papers and comments presented at a week-long seminar organized by the Center for Economic Studies, University of Munich. |
| public finance and public choice: Public Finance and Public Choice John G. Cullis, Philip R. Jones, 1998 Are the way in which governments tax and spend efficient, and are they equitable? These questions are central to public sector economics and this second edition of Public Finance and Public Choice illustrates the controversies which surround them. This new edition continues to focus on both the social optimality and public choice approaches but also includes alternative perspectives. This successful text has been extensively rewritten, offering further microeconomic insight and additional examples of the application of theory. New sections include: The private provision of public goods Privatization The quasi market The EC budget QALYs (Quality Adjusted Life Years) Public debt The impact of the public sector on economic growth. This clearly written, rigorous text offers a complete course in the economics of the public sector. It will be an indispensable text for students studying public economics, and also for students taking technical public policy or public administration courses. |
| public finance and public choice: Public Finance and Public Policy Arye L. Hillman, 2009-04-06 The second edition of Public Finance and Public Policy retains the first edition's themes of investigation of responsibilities and limitations of government. The present edition has been rewritten and restructured. Public choice and political economy concepts and political and bureaucratic principal-agent problems are introduced at the beginning for application to later topics. Fairness, envy, hyperbolic discounting, and other concepts of behavioral economics are integrated throughout. The consequences of asymmetric information and the tradeoff between efficiency and ex-post equality are recurring themes. Key themes investigated are markets and governments, institutions and governance, public goods, public finance for public goods, market corrections (externalities and paternalist public policies), voting, social justice, entitlements and equality of opportunity, choice of taxation, and the need for government. The purpose of the book is to provide an accessible introduction to the use of public finance and public policy to improve on market outcomes. |
| public finance and public choice: Political Economy and Public Finance Stanley L. Winer, Hirofumi Shibata, 2002-01-01 There is a long-standing difference amongst public economists between those who think that collective choice must be formally acknowledged, and those who derive their policy recommendations from a social planning framework in which politics plays no role. The purpose of this book is to contribute to a meaningful dialogue between these two groups, in the belief that the future of both political economy and of normative public finance lies somewhere between the two approaches. Some of the specific questions addressed in the book include: does public finance need political economy? Should collective choice play a role in the standard of reference used in normative public finance? What is a 'failure' in a non-market or policy process? And what have we learned about the theory and practice of public finance from three decades of empirical research on public choice? The book also provides a practitioner's view of the political economy of redistribution. |
| public finance and public choice: Policy and Choice William J. Congdon, Jeffrey R. Kling, Sendhil Mullainathan, 2011 Argues that public finance--the study of the government's role in economics--should incorporate principles from behavior economics and other branches of psychology. |
| public finance and public choice: Public Finance and Public Policy Jonathan Gruber, 2005 Chapters include: Income distribution and welfare programs, State and local government expenditures and Health economics and private health insurance. |
| public finance and public choice: Public Finance and Public Choice John G. Cullis, Philip R. Jones, 1992 The authors critically analyze varying approaches to public finance, contrasting the orthodox social optimality with the alternative public choice school. Both schools of thought are given full but critical attention. As well as the two schools mentioned above, further approaches, drawn from other social science disciplines, are explained. |
| public finance and public choice: Fiscal Sociology and the Theory of Public Finance Richard E. Wagner, 2007-01-01 Rejecting conventional approaches, the author offers a view of public finance as one element of a broader scheme of social theorizing. The book assumes a working knowledge of the standard conceptual framework within which the theory of public finance is commonly presented. |
| public finance and public choice: Local Public Finance and Economics Harry Kitchen, Melville McMillan, Anwar Shah, 2019-09-05 Globalization and the information revolution have highlighted the catalytic role of local governments for improving economic and social outcomes at the local level as well as growing the national economy by enhancing international competitiveness. This comprehensive account of local public finance and economics brings together principles and better practices for improving quality and access of local public services provision. The volume covers assignment of responsibilities; jurisdictional design; local service delivery; local regulation; local self-financing options such as income, sales, property and environmental taxation, user charges and fees; infrastructure finance options; and higher order government financing of local governments. The treatment is non-technical and suitable for a wide variety of audiences including scholars, instructors, students, media, policy advisers and practitioners. |
| public finance and public choice: Public Finance in Democratic Process James M. Buchanan, 1987 Recipient of the 1986 Nobel Prize in economics, James Buchanan has won international recognition for his pioneering role in the development of public-choice theory. Among his works that the prize committee specifically cited was Public Finance in Democratic Process, which first appeared in 1967. As James C. Miller, director of the U.S. Office of Management and Budget, notes in his foreword, This book is perhaps the best compact exposition of Buchanan's theory of public choice. |
| public finance and public choice: Behavioral Public Finance Edward J. McCaffery, Joel Slemrod, 2006-01-23 Behavioral economics questions the basic underpinnings of economic theory, showing that people often do not act consistently in their own self-interest when making economic decisions. While these findings have important theoretical implications, they also provide a new lens for examining public policies, such as taxation, public spending, and the provision of adequate pensions. How can people be encouraged to save adequately for retirement when evidence shows that they tend to spend their money as soon as they can? Would closer monitoring of income tax returns lead to more honest taxpayers or a more distrustful, uncooperative citizenry? Behavioral Public Finance, edited by Edward McCaffery and Joel Slemrod, applies the principles of behavioral economics to government's role in constructing economic and social policies of these kinds and suggests that programs crafted with rational participants in mind may require redesign. Behavioral Public Finance looks at several facets of economic life and asks how behavioral research can increase public welfare. Deborah A. Small, George Loewenstein, and Jeff Strnad note that public support for a tax often depends not only on who bears its burdens, but also on how the tax is framed. For example, people tend to prefer corporate taxes over sales taxes, even though the cost of both is eventually extracted from the consumer. James J. Choi, David Laibson, Brigitte C. Madrian, and Andrew Metrick assess the impact of several different features of 401(k) plans on employee savings behavior. They find that when employees are automatically enrolled in a retirement savings plan, they overwhelmingly accept the status quo and continue participating, while employees without automatic enrollment typically take over a year to join the saving plan. Behavioral Public Finance also looks at taxpayer compliance. While the classic economic model suggests that the low rate of IRS audits means far fewer people should voluntarily pay their taxes than actually do, John Cullis, Philip Jones, and Alan Lewis present new research showing that many people do not underreport their incomes even when the probability of getting caught is a mere one percent. Human beings are not always rational, utility-maximizing economic agents. Behavioral economics has shown how human behavior departs from the assumptions made by generations of economists. Now, Behavioral Public Finance brings the insights of behavioral economics to analysis of policies that affect us all. |
| public finance and public choice: Public Choice and the Challenges of Democracy Jos‰ Casas Pardo, Pedro Schwartz, 2007-01-01 This timely and important volume addresses the serious challenges faced by democracy in contemporary society. With contributions from some of the world's most prestigious scholars of public choice and political science, this comprehensive collection p |
| public finance and public choice: Public Finance David Hyman, 2010 |
| public finance and public choice: The Public Budgeting and Finance Primer Jay Eungha Ryu, 2015-01-28 This primer succinctly summarises key theoretical concepts in fiscal choice for both practitioners and scholars. The author contends that fiscal choice is ultimately a choice of both politics and economics. The book first introduces budget institutions and processes at various levels of government, which restrict budget decision makers' discretion. It also explains budget decision makers' efforts to make rational resource allocations. It then shows how and why such efforts are stymied by the decision makers' capacity and institutional settings. The book's unique benefit is its emphasis on all the essential topics, with short, module-type chapters which can be read in any order. |
| public finance and public choice: Intermediate Public Economics, second edition Jean Hindriks, Gareth D. Myles, 2013-04-05 A new edition of a comprehensive text, updated throughout, with new material on behavioral economics, international taxation, cost-benefit analysis, and the economics of climate policy. Public economics studies how government taxing and spending activities affect the economy—economic efficiency and the distribution of income and wealth. This comprehensive text on public economics covers the core topics of market failure and taxation as well as recent developments in both policy and the academic literature. It is unique not only in its broad scope but in its balance between public finance and public choice and its combination of theory and relevant empirical evidence. The book covers the theory and methodology of public economics; presents a historical and theoretical overview of the public sector; and discusses such topics as departures from efficiency (including imperfect competition and asymmetric information), issues in political economy, equity, taxation, fiscal federalism, and tax competition among independent jurisdictions. Suggestions for further reading, from classic papers to recent research, appear in each chapter, as do exercises. The mathematics has been kept to a minimum without sacrificing intellectual rigor; the book remains analytical rather than discursive. This second edition has been thoroughly updated throughout. It offers new chapters on behavioral economics, limits to redistribution, international taxation, cost-benefit analysis, and the economics of climate policy. Additional exercises have been added and many sections revised in response to advice from readers of the first edition. |
| public finance and public choice: Collective Decisions and Voting Nicolaus Tideman, 2017-03-02 When one thinks about how collective decisions are made, voting is the method that comes naturally to mind. But other methods such as random process and consensus are also used. This book explores just what a collective decision is, classifies the methods of making collective decisions, and identifies the advantages and disadvantages of each method. Classification is the prelude to evaluation. What are the characteristics of a method of making collective decisions, the book asks, that permit us to describe a collective decision as good? The second part of the book is detailed exploration of voting: the dimensions in which voting situations differ, the origins and logic of majority rule, the frequency of cycles in voting, the Arrow and Gibbard-Satterthwaite theorems, criteria for ways of cutting through cycles and the application of these criteria to a variety of rules, voting over continuums, proportional representation, and voting rules that take account of intensities of preferences. Relatively unknown methods of voting give voting a much greater potential than is generally recognized. Collective Decisions and Voting is essential reading for everyone with an interest in voting theory and in how public choices might be made. |
| public finance and public choice: Public Finance in Theory and Practice Second Edition Holley H. Ulbrich, 2011 Public Finance in Theory and Practice is the most accessible introduction to public finance and public economics available and is any student's first stop for the key tenets of the field including public goods and externalities, taxation, provision for health and education and the analysis of government's role in the economy. With the accession to power in the United States of an administration promising to take a more active role in the economy, now is the time to take stock of how far this process should proceed. Ulbrich's book is the perfect guide to the changing world of public finance |
| public finance and public choice: State and Local Public Finance Ronald C. Fisher, 2018-09-03 Now in its 4th edition, State and Local Public Finance provides a comprehensive and sophisticated analysis of state and local government public finance practices and issues, using the basic tools of economics. For this new edition, there is a focus on the most important services provided in the state-local sector: education, health and welfare, public safety, and transportation. This textbook provides an examination and analysis of public finance practices and problems in a federal fiscal system, focusing on the fiscal behaviour and policies of state and local governments. The author presents detailed descriptions of significant institutions. Modern economic theory is applied to examine the way these institutions are used to produce and finance services, and to provide evaluation of alternative policies. Although the emphasis is on U.S. institutions and issues, much of the economic analysis can be applied to any federal system or to fiscal decentralization. This fully revised new edition sees updates throughout to data, topics, and applications. The Headlines and Applications sections reflect the most current policy issues affecting state and local governments. These include the effects of the Great Recession on state and local governments, changes in the tax treatment of internet purchases, the Affordable Care Act and implications for Medicaid spending by state governments, demographic changes and the implications for state-local finances, the implications of changes in automobile technology for transportation financing, and the potential for increased gambling activity. This text will continue to be invaluable reading for those who study public finance, local government finance, urban economics and public policy and public administration. |
| public finance and public choice: Principles of Public Finance Toshihiro Ihori, 2016-11-03 This textbook equips instructors and students with an overview of the existing literature so that the latter can attain an overall understanding of macroeconomic and microeconomic public finance. The literature on public finance has grown dramatically with theoretical studies and empirical analysis, and much of the focus has been on macroeconomic effects of public services. The standard textbook offerings, however, are mainly restricted to microeconomic topics of public finance. This text intends to fill this gap by presenting a theoretical-based, comprehensive explanation of public finance. Particular emphasis is directed at developing tools that can be applied theoretically and empirically to clarify essential economic concerns in the current public sector in advanced countries, including Japan. Such concerns include the macroeconomic effect of fiscal policy, the dependence on bonds for covering government deficits, and social security reform. The main text explains the standard concepts of public finance, and the appendix offers various advanced topics. The material will facilitate an understanding of how to investigate changes in the public sector, interpret results, and basically do research on fiscal policy. The textbook will be of value to a broad range of course offerings, including those generally focused on fiscal policy, on social security reform and on tax reform. |
| public finance and public choice: Essays in Political Economy and International Public Finance Áron Kiss, 2009 Coalitions and political accountability -- Divisive politics and accountability -- Minimum taxes and repeated tax competition -- Summary in German. |
| public finance and public choice: Classics in the Theory of Public Finance Richard A. Musgrave, Alan T. Peacock, 1958-01-01 This book was prepared mainly for specialists on the assumption that it would provide the background to an important neglected field of discussion in public finance. Since it was first published in 1958, the theory of public goods and its implications for public policy have become incorporated in the main body of the economic analysis of public finance in the literature. A glance at the footnotes of some of the standard textbooks on public finance indicates that this assembly of articles has not been in vain. Probably the most influential part of this collection has been the papers concerned with the theory of public expenditure, which contains two closely related elements. The first is as a part of welfare economics: under what conditions can Pareto optimality be achieved in an economic system in which some goods supplied are indivisible? The other strand of thought is concerned with the positive theory of the public sector: how can economic analysis be used in order to explain how the size and composition of the budget is actually determined? |
| public finance and public choice: Public Economics and Finance Bernur Açıkgöz, 2019-10-23 To better understand the role and importance of government, it is important to try to comprehend all aspects of public economics and finance. This book covers many of these aspects and presents a core thesis that government is a fundamental instrument of the social welfare of communities. It provides the reader with a comprehensive overview of new era states, and answers the question, does the new era require new government policies? Over five chapters, authors from a variety of disciplines and methodological approaches cover topics such as welfare states and social policies, borrowing in the context of public debt theory, and new budgetary approaches. This volume is a valuable contribution to the field and will be appreciated by the global community of scholars. |
| public finance and public choice: State Aid Law and Business Taxation Isabelle Richelle, Wolfgang Schön, Edoardo Traversa, 2018-07-05 This book is a compilation of contributions exploring the impact of the European Treaty provisions regarding state aid on Member States’ legislation and administrative practice in the area of business taxation. Starting from a detailed analysis of the European Courts’ jurisprudence on Art.107 TFEU the authors lay out fundamental issues – e.g. on legal concepts like “advantage”, “selectivity” and “discrimination” – and explore current problems – in particular policy and practice regarding “harmful” tax competition within the European Union. This includes the Member States’ Code of Conduct on business taxation, the limits to anti-avoidance legislation and the options for legislation on patent boxes. The European Commission’s recent findings on preferential “rulings” are discussed as well as the general relationship between international tax law, transfer pricing standards and the European prohibition on selective fiscal aids. |
| public finance and public choice: Local Public Finance René Geissler, Gerhard Hammerschmid, Christian Raffer, 2021 This book is based upon a comparative public administration research project, initiated by the Hertie School of Governance (Germany) and the Bertelsmann Foundation (Germany) and supported by a network of researchers from many EU countries. It analyzes both the regimes and the practices of local fiscal regulation in 21 European countries. The book brings together key findings of this research project. The regulatory discussion is not limited to the prominent issue of fiscal rules but focuses on every component of regulation. Beyond this, the book covers affiliated topics such as the impact of regulation for local governments, evolution of regulation, administrative costs and crisis prevention. The various book chapters throughout provide a broad picture of local public finance regulation in theory and in practice, using different theoretical and national lenses for the analysis. Furthermore, the authors investigate the effects of budgetary constraints and higher-level regulatory efforts on local governments and on democracy and public services in every European country. This book fills a gap with respect to the lack of discussion on local government finance from an international, comparative perspective and, in particular, the regulation of local public finance. With its mix of authors, this book will be useful for practitioners as well as for scholars and for theory-driven research. . |
| public finance and public choice: Science of Public Finance George Findlay Shirras, 1936 |
| public finance and public choice: Public Finance and Public Choice John Cullis, Philip Jones, 2009-07-09 Public Finance and Public Choice provides a comprehensive analysis of the economics of the public sector, taking a diagrammatic approach to the subject. Particular emphasis is given to the public choice and behavioural economics schools of thought. |
| public finance and public choice: Public Opinion and the Political Economy of Education Policy around the World Martin R. West, Ludger Woessmann, 2021-04-27 Comparative analyses of the influence of public opinion on education policy in developed countries. Although research has suggested a variety of changes to education policy that have the potential to improve educational outcomes, politicians are often reluctant to implement such evidence-based reforms. Public opinion and pressure by interest groups would seem to have a greater role in shaping education policy than insights drawn from empirical data. The construction of a comparative political economy of education that seeks to explain policy differences among nations is long overdue. This book offers the first comparative inventory and analysis of public opinion and education in developed countries, drawing on data primarily from Europe and the United States. |
| public finance and public choice: Politics as a Peculiar Business Richard E. Wagner, 2016-02-26 Economists typically treat government as something outside the business realm, a sort of “Lord of the Manor”. Richard Wagner argues that this is the wrong approach and can ultimately be destructive to capitalism and to society. Modern governments are a peculiar form of business enterprise. They face the same problems as regular businesses, such as ascertaining demand and organizing production, and act within the system in a way that can lead to a parasitical relationship with the market. Largely rooted in political economy, this book develops new theoretical ideas and formulations to explain why democracy is a difficult form of government to maintain. The author explores how and why limited governments can morph into a system of destructive politics, and looks at ways to escape this process. This dynamic book will be useful for public choice scholars, economists, political scientists, and lawyers who are interested in political economy in its various guises. |
| public finance and public choice: Public Finance Richard W. Tresch, 2002-05-08 Featuring a general equilibrium framework that is both cohesive and versatile, the Second Edition of Public Finance: A Normative Theory brings new and updated information to this classic text. Through its concentration on the microeconomic theory of the public sector in the context of capitalist market economics it addresses the subjects traditionally at the heart of public sector economics, including public good theory, theory of taxation, welfare analysis, externalities, tax incidence, cost benefit analysis, and fiscal federalism. Its goal of providing a foundation, rather than attempting to present the most recent scholarship in detail, makes this Second Edition both a valuable text and a resource for professionals. * Second edition provides new and updated information * Focuses on the heart of public sector economics, including public expenditure theory and policy, tax theory and policy, cost benefit-analysis, and fiscal federalism * Features a cohesive and versatile general equilibrium framework |
| public finance and public choice: Public Finance and Public Choice James M. Buchanan, Richard A. Musgrave, 1999-10-12 In this volume, based on a week-long symposium at the University of Munich's Center for Economic Studies, two leading scholars of governmental economics debate their divergent perspectives on the role of government and its fiscal functions. James M. Buchanan, who was influential in developing the research program in public choice, concentrates on the imperfections of the political process and stresses the need for rules to restrain governmental interference. Richard A. Musgrave, a founder of modern public finance, points to market failures and inequities that call for corrective public policies. They apply their differing economic and political philosophies to a variety of key issues. Each presentation is followed by a response and general discussion. |
| public finance and public choice: A Handbook of Alternative Theories of Public Economics Francesco Forte, Ram Mudambi, Pietro Navarra, 2014 This comprehensive and thought-provoking Handbook reviews public sector economics from pluralist perspectives that either complement or reach beyond mainstream views. The book takes a comprehensive interdisciplinary approach, drawing on economic elements in the fields of philosophy, sociology, psychology, history and law. The expert contributors present new methodological approaches across these disciplines in five distinct sections: - 'Revisiting the Theoretical Foundations' compares and contrasts Austrians, Marxists, public choice theorists and Keynesians - 'Revisiting the Values' is concerned with justice, welfare, religions and civil rights - 'Beyond Rationalistic Rational Choice' includes chapters devoted to memory, information and group motivation - The final sections on 'Optimal Government and Government Failure' and 'Public Economics of Public Bads' deal with competition among governments, their suboptimal size, regulation, corruption, the informal economy, cognitive dissonance, rent seeking, the UN and criminal cycles. Academics, researchers and students with an interest in economics - particularly public sector economics and Austrian economics - and public policy will find this Handbook to be an invaluable reference tool. |
| public finance and public choice: The Collected Works of James M. Buchanan James M. Buchanan, 2002 An index to the series The Collected works of James M. Buchanan. |
| public finance and public choice: Budgetary Decisions Dirk-Jan Kraan, 2010-01-20 This book provides an introduction to the positive theory of the budgetary process based on the theory of public choice. Although budgetary institutions are very diverse, both between and within countries, the author identifies key elements in the budgetary process that are common to all forms of representative government. The book develops a step-by-step model that can be used to explain and predict budgetary decisions in existing institutions, as well as to analyze institutional change, including cost budgeting and various forms of privatization. |
| public finance and public choice: Theory of Public Choice , 1984 |
| public finance and public choice: Public Finance Juraj Nemec, Glen Wright, 1997 |
| public finance and public choice: Readings in Public Finance Amaresh Bagchi, 2005 This collection of essays on the theory and development of public finance provides a comprehensive overview of the discipline and its evolution by a stellar international cast of contributors. In a substantive introduction, Amaresh Bagchi lucidly explains the basic issues that have emerged and discusses their treatment in the existing literature. The volume is divided into five thematic sections. This reader is essential for students and teachers of public finance at the postgraduate and senior undergraduate levels. It will also be useful to academics and policymakers.--BOOK JACKET. |
| public finance and public choice: Public Finance J. V. M. Sarma, 2018-05-15 The book seeks to cover most aspects of the subject: public goods, externalities, social justice and redistribution, taxation and fiscal federalism and thus tries to provide a solid foundation on which critical thinking about the responsibilities and limitations of government can be based. Each chapter strives to study whether private sector could undertake the relevant activities in a more efficient and equitable way and thus if government involvement is really needed. Chapters conclude with selective, annotated reading list and questions for discussion. The reading lists contain anappropriate mixture of classical readings and the latest research findings. By drawing on insights from normative public finance, public choice, and new political economy, the book aims to give a boost to undergraduate and graduate teaching in public finance in an engaging, clear, and well-organized fashion. A significant contribution of the book is to strike a fine balancebetween normative and positive aspects of public finance.The book with be also be useful for students appearing for NET and competitive examinations such as IES and IAS. |
| public finance and public choice: Public Finance in Underdeveloped Countries Alan Richmond Prest, 1963 |
| public finance and public choice: Journal of Public Finance and Public Choice n. 1-3/2013 AA. VV., 2015-02-20T00:00:00+01:00 Contents Anthony De Jasay The Python That Eats Itself By The Tail Sergio Beraldo – Enrico Colombatto – Valerio Filoso – Marco Stimolo Growth in One (Short) Lesson Franklin G. Mixon Jr. The Allocation of Death in the Afghanistan War Remembering James Buchanan Richard E. Wagner – Francesco Forte – Domenico da Empoli Forum on public procurement, quality of expenditure and saving Emma Galli Introduction Sergio Santoro Reference Prices and Standard Costs in Public Procurement as Tools against Corruption Claudio De Rose Corruption in Public Procurement: How to Fight and Prevent It? Mario Lupo Contracts of Public Works: How to Guarantee Low Prices Without Reducing Quality Ilde Rizzo Efficiency and Integrity Issues in Public Procurement Performance Gabriella M. Racca The Risks of Emergencies in Public Procurement Gian Luigi Albano On the Problem of Quality Enforcement in Centralized Public Procurement Symposium Domenico da Empoli On Federalism and Government Size David Hebert – Richard E. Wagner Taxation as a Quasi-Market Process Richard E. Wagner – Akira Yohoyama Polycentrism, Federalism, and Liberty Yong J. Yoon – William F. Shughart II Stackelberg on the Danube River Reviews |
| public finance and public choice: Public Economics Peter Abelson, 2003 Public economics: principles and practice. |
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