{"product_id":"handbook-of-public-economics-hardback-9780444823144","title":"Handbook of Public Economics (Hardback) 9780444823144","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eHandbook of Public Economics\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003eMartin Feldstein (Edited by), A.J. Auerbach (Edited by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780444823144, Elsevier Science\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 25 January 2002\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e674 pages\u003cbr\u003e24 x 16.5 x 3.6 cm, 1.49 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThe Field of Public Economics has been changing rapidly in recent years, and the sixteen chapters contained in this Handbook survey many of the new developments. As a field, Public Economics is defined by its objectives rather than its techniques and much of what is new is the application of modern methods of economic theory and econometrics to problems that have been addressed by economists for over two hundred years. More generally, the discussion of public finance issues also involves elements of political science, finance and philosophy. These connections are evidence in several of the chapters that follow. \u003cbr\u003e\u003cbr\u003ePublic Economics is the positive and normative study of government's effect on the economy. We attempt to explain why government behaves as it does, how its behavior influences the behavior of private firms and households, and what the welfare effects of such changes in behavior are. Following Musgrave (1959) one may imagine three purposes for government intervention in the economy: allocation, when market failure causes the private outcome to be Pareto inefficient, distribution, when the private market outcome leaves some individuals with unacceptably low shares in the fruits of the economy, and stabilization, when the private market outcome leaves some of the economy's resources underutilized. The recent trend in economic research has tended to emphasize the character of stabilization problems as problems of allocation in the labor market. The effects that government intervention can have on the allocation and distribution of an economy's resources are described in terms of efficiency and incidence effects. These are the primary measures used to evaluate the welfare effects of government policy.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cb\u003ePart 1. Capital income taxation.\u003c\/b\u003e Taxation, risk taking and household portfolio behaviour (J.M. Poterba).  Taxation and saving (B.D. Bernheim, B. Douglas).  Taxation and corporate financial policy (A. J. Auerbach).  Tax policy and business investment (K.A.Hassett, R.G. Hubbard). \u003cb\u003ePart 2. Theory of taxation.\u003c\/b\u003e  Taxation and economic efficiency (A.J. Auerbach, J.R. Hines Jr.). Tax avoidance, evasion and administration (J. Slemrod, S. Yitzhaki). Environmental taxation and regulation (A.L. Bovenburg, L.H. Goulder). \u003cb\u003ePart 3. Theory of government.\u003c\/b\u003e Political economics and public finance (T.Persson, G.Tabellini). Economic analysis and the law (L. Kaplow, S Shavell).\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Public finance [\u003ca title=\"See our other books on Public finance\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Public%20finance%20%5BKFFD%5D%22\"\u003eKFFD\u003c\/a\u003e], Political economy [\u003ca title=\"See our other books on Political economy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Political%20economy%20%5BKCP%5D%22\"\u003eKCP\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"North Holland","offers":[{"title":"Default Title","offer_id":46651523203352,"sku":"9780444823144","price":103.19,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780444823144_1650f000-8f67-4d94-bc05-d1a986847d71.jpg?v=1694987433","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/handbook-of-public-economics-hardback-9780444823144","provider":"Freshly Printed Books","version":"1.0","type":"link"}