Optimal Provision of Public Goods in the Presence of Externalities: the Role of Taxation

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Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (462 download)

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Book Synopsis Optimal Provision of Public Goods in the Presence of Externalities: the Role of Taxation by : Udo Ebert

Download or read book Optimal Provision of Public Goods in the Presence of Externalities: the Role of Taxation written by Udo Ebert and published by . This book was released on 1993 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Externalities, Public Goods, and Property Rights Revisited

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Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Externalities, Public Goods, and Property Rights Revisited by : Philip E. Graves

Download or read book Externalities, Public Goods, and Property Rights Revisited written by Philip E. Graves and published by . This book was released on 2017 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pigou (1920) advocated for taxes, set equal to marginal damages, on goods produced and consumed that involve negative externalities. Samuelson (1954) laid out the conditions for optimal pure public goods provision, but noted that free-riding (the “demand revelation” problem) was likely to pose great difficulties in knowing what public goods to provide (e.g. which species do we save) and how much to provide (e.g. how much air or water quality is optimal). Both Pigou and Samuelson believed that non-excludability implied that government intervention was required for proper resource allocation. However, Coase (1960) argued that, if transactions costs are sufficiently small and a legal system exists to define/enforce property rights, government intervention is unnecessary. Under the conditions underlying the Coase Theorem, externalities would be self-internalizing without need for Pigouvian taxes, and public goods would also be provided optimally by the private sector. Because of the stringency of the conditions underlying the Coase Theorem, however, controversy about its importance continues to this day. I add to the controversy here by describing a previously unexplored relationship between externalities, public goods, and property rights. The claim to be defended here is that non-excludable goods--particularly environmental goods--are undervalued by the methods currently employed by economists. This implies that Pigouvian taxes should generally be larger than currently thought and that command and control regulations are too lax. The Coase Theorem is seen to have less relevance than is typically supposed.

Public Goods Provision in the Presence of Heterogeneous Green Preferences

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ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (884 download)

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Book Synopsis Public Goods Provision in the Presence of Heterogeneous Green Preferences by : Mark R. Jacobsen

Download or read book Public Goods Provision in the Presence of Heterogeneous Green Preferences written by Mark R. Jacobsen and published by . This book was released on 2014 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a model of the private provision of public goods in a world where agents face convex costs of provision. Consonant with prior empirical evidence, we introduce preference heterogeneity by allowing a subset of agents to exhibit pro-social behavior that reflects "green" preferences. We use the model to compare different policies to promote private provision of public goods such as environmental quality or energy conservation. Counter to the standard result, we find that technology standards are frequently preferred to price-based instruments. Extending the model to allow for both benefit and cost heterogeneity, we find that policy choice depends on the correlation between the two forms of heterogeneity.

Public Finance and Public Policy

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Publisher : Macmillan
ISBN 13 : 9780716786559
Total Pages : 806 pages
Book Rating : 4.7/5 (865 download)

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Book Synopsis Public Finance and Public Policy by : Jonathan Gruber

Download or read book Public Finance and Public Policy written by Jonathan Gruber and published by Macmillan. This book was released on 2005 with total page 806 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapters include: "Income distribution and welfare programs", "State and local government expenditures" and "Health economics and private health insurance".

Public Goods for Economic Development

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Publisher : UN
ISBN 13 :
Total Pages : 198 pages
Book Rating : 4.M/5 ( download)

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Book Synopsis Public Goods for Economic Development by : Olga Memedović

Download or read book Public Goods for Economic Development written by Olga Memedović and published by UN. This book was released on 2008 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication addresses factors that promote or inhibit successful provision of the four key international public goods: financial stability, international trade regime, international diffusion of technological knowledge and global environment. Without these goods, developing countries are unable to compete, prosper or attract capital from abroad. The need for public goods provision is also recognized by the Millennium Development Goals, internationally agreed goals and targets for knowledge, health, governance and environmental public goods. The Report addresses the nature of required policies and institutions using the modern principles of collective action.

Intermediate Microeconomics

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (123 download)

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Book Synopsis Intermediate Microeconomics by : Patrick M. Emerson

Download or read book Intermediate Microeconomics written by Patrick M. Emerson and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Optimal Provision of Public Goods in a System of Local Government

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis The Optimal Provision of Public Goods in a System of Local Government by : Alan Williams

Download or read book The Optimal Provision of Public Goods in a System of Local Government written by Alan Williams and published by . This book was released on 1966 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Encyclopedia of Energy, Natural Resource, and Environmental Economics

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Publisher : Newnes
ISBN 13 : 0080964524
Total Pages : 1056 pages
Book Rating : 4.0/5 (89 download)

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Book Synopsis Encyclopedia of Energy, Natural Resource, and Environmental Economics by :

Download or read book Encyclopedia of Energy, Natural Resource, and Environmental Economics written by and published by Newnes. This book was released on 2013-03-29 with total page 1056 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every decision about energy involves its price and cost. The price of gasoline and the cost of buying from foreign producers; the price of nuclear and hydroelectricity and the costs to our ecosystems; the price of electricity from coal-fired plants and the cost to the atmosphere. Giving life to inventions, lifestyle changes, geopolitical shifts, and things in-between, energy economics is of high interest to Academia, Corporations and Governments. For economists, energy economics is one of three subdisciplines which, taken together, compose an economic approach to the exploitation and preservation of natural resources: energy economics, which focuses on energy-related subjects such as renewable energy, hydropower, nuclear power, and the political economy of energy resource economics, which covers subjects in land and water use, such as mining, fisheries, agriculture, and forests environmental economics, which takes a broader view of natural resources through economic concepts such as risk, valuation, regulation, and distribution Although the three are closely related, they are not often presented as an integrated whole. This Encyclopedia has done just that by unifying these fields into a high-quality and unique overview. The only reference work that codifies the relationships among the three subdisciplines: energy economics, resource economics and environmental economics. Understanding these relationships just became simpler! Nobel Prize Winning Editor-in-Chief (joint recipient 2007 Peace Prize), Jason Shogren, has demonstrated excellent team work again, by coordinating and steering his Editorial Board to produce a cohesive work that guides the user seamlessly through the diverse topics This work contains in equal parts information from and about business, academic, and government perspectives and is intended to serve as a tool for unifying and systematizing research and analysis in business, universities, and government

Termites of the State

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Publisher : Cambridge University Press
ISBN 13 : 1108420931
Total Pages : 457 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Termites of the State by : Vito Tanzi

Download or read book Termites of the State written by Vito Tanzi and published by Cambridge University Press. This book was released on 2018 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: A sweeping historical account of the crises of income inequality and crony capitalism from a world-renowned public economist.

The Handbook of Experimental Economics

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Publisher : Princeton University Press
ISBN 13 : 0691213259
Total Pages : 742 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis The Handbook of Experimental Economics by : John H. Kagel

Download or read book The Handbook of Experimental Economics written by John H. Kagel and published by Princeton University Press. This book was released on 2020-05-05 with total page 742 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, which comprises eight chapters, presents a comprehensive critical survey of the results and methods of laboratory experiments in economics. The first chapter provides an introduction to experimental economics as a whole, with the remaining chapters providing surveys by leading practitioners in areas of economics that have seen a concentration of experiments: public goods, coordination problems, bargaining, industrial organization, asset markets, auctions, and individual decision making. The work aims both to help specialists set an agenda for future research and to provide nonspecialists with a critical review of work completed to date. Its focus is on elucidating the role of experimental studies as a progressive research tool so that wherever possible, emphasis is on series of experiments that build on one another. The contributors to the volume--Colin Camerer, Charles A. Holt, John H. Kagel, John O. Ledyard, Jack Ochs, Alvin E. Roth, and Shyam Sunder--adopt a particular methodological point of view: the way to learn how to design and conduct experiments is to consider how good experiments grow organically out of the issues and hypotheses they are designed to investigate.

Public Goods and Public Allocation Policy

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Publisher : Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Public Goods and Public Allocation Policy by : Rüdiger Pethig

Download or read book Public Goods and Public Allocation Policy written by Rüdiger Pethig and published by Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften. This book was released on 1985 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public goods with price exclusion / Michael E. Burns and Cliff Walsh -- Free rider and bad wagons / Bengt-Arne Wickström -- Competitive lobbying for group-specific public goods / Rüdiger Pethig -- The MDP-procedure in a regional economy / Oskar von dem Hagen -- Distributive and allocative effects of individual voting behaviour / Horst Hanusch and Peter Biene -- Majority decisions on regional environmental quality and interregional pollution / Ferdi Dudenhöffer -- Environmental policy with pollution interaction / Alfred Endres -- Alternative allocation procedures for public goods / Wolfgang Blümel.

Theory and Measurement of Economic Externalities

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Publisher : Academic Press
ISBN 13 : 1483271471
Total Pages : 280 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Theory and Measurement of Economic Externalities by : Steven A. Y. Lin

Download or read book Theory and Measurement of Economic Externalities written by Steven A. Y. Lin and published by Academic Press. This book was released on 2014-05-10 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theory and Measurement of Economic Externalities provides information on some analytical and empirical developments in the field of externalities. This book presents the function of turning out producer's goods in the form of better knowledge, analytical formulation, and approaches for application to current problems. Organized into five parts encompassing 12 chapters, this book begins with an overview of the notion of externalities in connection with analyses of economic welfare. This text then discusses the relationship between publicness and external diseconomies when either consumption or production or decision sets are nonconvex due to a high degree of externalities. Other chapters consider disproving the pessimistic conclusions concerning tax–subsidy schemes. This book discusses as well the solutions for the allocation of resources in an economy with public goods and interdependent preferences. The final chapter deals with a general framework for estimating externality production functions. This book is a valuable resource for economists.

Public Goods, Sustainable Development and the Contribution of Business

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Publisher : Cambridge Scholars Publishing
ISBN 13 : 1527566250
Total Pages : 332 pages
Book Rating : 4.5/5 (275 download)

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Book Synopsis Public Goods, Sustainable Development and the Contribution of Business by : Roland Bardy

Download or read book Public Goods, Sustainable Development and the Contribution of Business written by Roland Bardy and published by Cambridge Scholars Publishing. This book was released on 2021-02-18 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an expansive review of the public goods theme and highlights the inherent linkage between sustainable development and corporate responsibility for improving the current and future welfare of communities both at home and abroad. The main proposition here is that sustainable development is focused on preserving and maintaining public goods. Consequently, whoever uses public goods is liable for their preservation, their maintenance, and, where they are underdeveloped, for their expansion. Successful delivery, both now and in the future, depends on a positive relationship of the public sector with the private sector. This book will serve to stimulate discussions of scholars and policy makers in the field of sustainable development with business leaders, and will close the gap between the public and the private sectors by building a common understanding and common methodologies for implementing and measuring sustainable development in the macro- and the micro-spheres.

Markets for Clean Air

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Publisher : Cambridge University Press
ISBN 13 : 0521660831
Total Pages : 388 pages
Book Rating : 4.5/5 (216 download)

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Book Synopsis Markets for Clean Air by : A. Denny Ellerman

Download or read book Markets for Clean Air written by A. Denny Ellerman and published by Cambridge University Press. This book was released on 2000-06-19 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book analyzes the behavior and performance of the market for emissions permits, called allowances in the Acid Rain Program, and quantifies emission reductions, compliance costs, and cost savings associated with the trading program."--BOOK JACKET.

Regional Public Goods

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Publisher : IDB
ISBN 13 : 1931003858
Total Pages : 455 pages
Book Rating : 4.9/5 (31 download)

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Book Synopsis Regional Public Goods by : Antoni Estevadeordal

Download or read book Regional Public Goods written by Antoni Estevadeordal and published by IDB. This book was released on 2004 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Policy and Choice

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Publisher : Brookings Institution Press
ISBN 13 : 0815704984
Total Pages : 260 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Policy and Choice by : William J. Congdon

Download or read book Policy and Choice written by William J. Congdon and published by Brookings Institution Press. This book was released on 2011 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that public finance--the study of the government's role in economics--should incorporate principles from behavior economics and other branches of psychology.

Alternatives For Delivering Public Services

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Publisher : Routledge
ISBN 13 : 0429726902
Total Pages : 155 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Alternatives For Delivering Public Services by : Emanuel S. Savas

Download or read book Alternatives For Delivering Public Services written by Emanuel S. Savas and published by Routledge. This book was released on 2019-08-26 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the result of a program undertaken nine years ago by the Diebold Institute for Public Policy Studies, Inc., to identify and analyze potentials for private sector involvement in the delivery of public services. Since its founding in 1968, the Diebold Institute has focused on this question in the belief that private enterprise is capable of infusing public service delivery with the efficiency in resource allocation and management that is its hallmark, whether through direct involvement as a service provider or as a source of market dynamics and management techniques.