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Pareto Optimal Redistribution
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Book Synopsis Limits to Redistribution and Intertemporal Wedges: Implications of Pareto Optimality with Private Information: A Reprint from “Economic Quarterly” by :
Download or read book Limits to Redistribution and Intertemporal Wedges: Implications of Pareto Optimality with Private Information: A Reprint from “Economic Quarterly” written by and published by DIANE Publishing. This book was released on with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Pareto Optimal Redistribution by : Kye-Sik Lee
Download or read book Pareto Optimal Redistribution written by Kye-Sik Lee and published by . This book was released on 1983 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Enlightened Self-interest, Pareto Optimal Redistribution, and Social Control by : Pak Hung Mo
Download or read book Enlightened Self-interest, Pareto Optimal Redistribution, and Social Control written by Pak Hung Mo and published by . This book was released on 1990 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Pareto Efficient Redistribution, Private Charity and Perfect Equilibrium by : James Andreoni
Download or read book Pareto Efficient Redistribution, Private Charity and Perfect Equilibrium written by James Andreoni and published by . This book was released on 1987 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Vilfredo Pareto by : John Cunningham Wood
Download or read book Vilfredo Pareto written by John Cunningham Wood and published by Taylor & Francis. This book was released on 1999 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: The articles reprinted here cover pure economic theory, political economy (including sociological studies), Pareto's law of income distribution and miscellaneous matters, and give a general overview of the man and his contributions.
Book Synopsis Encyclopedia of Global Justice by : Deen K. Chatterjee
Download or read book Encyclopedia of Global Justice written by Deen K. Chatterjee and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Encyclopedia is an international, interdisciplinary, and collaborative project, spanning all the relevant areas of scholarship related to issues of global justice, and edited and advised by leading scholars from around the world. The wide-ranging entries present the latest ideas on this complex subject by authors who are at the cutting edge of inquiry.
Book Synopsis The Economics of Vilfredo Pareto by : Renato Cirillo
Download or read book The Economics of Vilfredo Pareto written by Renato Cirillo and published by Psychology Press. This book was released on 1979 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 1978. Routledge is an imprint of Taylor & Francis, an informa company.
Book Synopsis Economics of Income Redistribution by : G. Tullock
Download or read book Economics of Income Redistribution written by G. Tullock and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Behavior and Distributional Choice by : Harold M. Hochman
Download or read book Economic Behavior and Distributional Choice written by Harold M. Hochman and published by Edward Elgar Publishing. This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published between 1969 and 1996, these 16 essays by Hochman (political economy, Lafayette College) are presented as a representative sampling of his work. All but a handful of the selections relate to the first article on Pareto optimal redistribution, which spells out the relationship between utility interdependence and the logic of redistributive income transfers, effected through fiscal means. Although reflecting a pro-market bias, his approach suggests that transfers of wealth from rich to poor may benefit everyone and be necessary for allocative efficiency, interpreted as a minimal condition of welfare maximization. Annotation copyrighted by Book News, Inc., Portland, OR
Book Synopsis The Demand and Supply of Public Goods by : James M. Buchanan
Download or read book The Demand and Supply of Public Goods written by James M. Buchanan and published by . This book was released on 1999 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public-goods theory constituted a major element in James M. Buchanan’s research agenda throughout the 1960s. The Demand and Supply of Public Goods is a major part of that work. At the time that Buchanan was elaborating on his theories of public goods, the prevailing trend in public economics was the emergence of public-expenditure theory, which attempted to form a comprehensive theory of the state around the notion of market failure. The Demand and Supply of Public Goods established Buchanan’s broad purpose of explicitly comparing market performance with political performance. As such, the book is an important part of Buchanan’s contractarian theory of the "productive state.” Conceived originally as a series of lectures given at Cambridge University in 1961 and 1962, The Demand and Supply of Public Goods is written for students, but is in no way a textbook of dry pedagogy. Instead, as Geoffrey Brennan writes in the foreword, "What Buchanan provides here is a clear statement of the contractarian approach to public goods problems, very much in the 'voluntary exchange’ tradition of Wicksell and Lindhal.” James M. Buchanan is an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and is considered one of the greatest scholars of liberty in the twentieth century. The entire series will include: Volume 1: The Logical Foundations of Constitutional Liberty Volume 2: Public Principles of Public Debt Volume 3: The Calculus of Consent Volume 4: Public Finance in Democratic Process Volume 5: The Demand and Supply of Public Goods Volume 6: Cost and Choice Volume 7: The Limits of Liberty Volume 8: Democracy in Deficit Volume 9: The Power to Tax Volume 10: The Reason of Rules Volume 11: Politics by Principle, Not Interest Volume 12: Economic Inquiry and Its Logic Volume 13: Politics as Public Choice Volume 14: Debt and Taxes Volume 15: Externalities and Public Expenditure Theory Volume 16: Choice, Contract, and Constitutions Volume 17: Moral Science and Moral Order Volume 18: Federalism, Liberty, and the Law Volume 19: Ideas, Persons, and Events Volume 20: Indexes
Book Synopsis The Encyclopedia of Taxation & Tax Policy by : Joseph J. Cordes
Download or read book The Encyclopedia of Taxation & Tax Policy written by Joseph J. Cordes and published by The Urban Insitute. This book was released on 2005 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt: "From adjusted gross income to zoning and property taxes, the second edition of The Encyclopedia of Taxation and Tax Policy offers the best and most complete guide to taxes and tax-related issues. More than 150 tax practitioners and administrators, policymakers, and academics have contributed. The result is a unique and authoritative reference that examines virtually all tax instruments used by governments (individual income, corporate income, sales and value-added, property, estate and gift, franchise, poll, and many variants of these taxes), as well as characteristics of a good tax system, budgetary issues, and many current federal, state, local, and international tax policy issues. The new edition has been completely revised, with 40 new topics and 200 articles reflecting six years of legislative changes. Each essay provides the generalist with a quick and reliable introduction to many topics but also gives tax specialists the benefit of other experts' best thinking, in a manner that makes the complex understandable. Reference lists point the reader to additional sources of information for each topic. The first edition of The Encyclopedia of Taxation and Tax Policy was selected as an Outstanding Academic Book of the Year (1999) by Choice magazine."--Publisher's website.
Book Synopsis The Welfare Economics of Public Policy by : Richard E. Just
Download or read book The Welfare Economics of Public Policy written by Richard E. Just and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Welfare Economics of Public Policy is a great book that should be of interest to all economists interested in applied welfare analysis. It is a good reference book for economists studying the effects of public policy. Finally, it should be a useful textbook for students studying economic policy and applied welfare economics. Jean-Paul Chavas, American Journal of Agricultural Economics . . . a very comprehensive overview of the state of the art in welfare economics. It can be used as a teaching book for advanced students as well as a reference volume for researchers. This duality of possible uses is supported by the fact that very complex issues are presented in an easily readable manner. More technical aspects are then outlined in the appendices of the relevant chapters, offering colleagues the option to study formal considerations in more detail. . . a welcome addition to and expression of the knowledge base of agricultural economics. Stefan Mann, Journal of Agricultural Economics I am absolutely delighted that the authors have revised and republished this text. I have used the previous version for years in my graduate environmental economics course; usually I had to share the one copy I have with students and I felt it was a shame that these students did not have the opportunity to purchase the book since every serious environmental economist should have this volume on their shelf. It has been a continuous reference volume for me over the years and I am sure this is true of many others in the discipline. In the field of applied welfare analysis (spanning environmental economics, international trade, agricultural policy, etc.) there is no need for further elaboration when Just, Hueth and Schmitz is referenced. Everyone knows the book that is being referred to: the bible of applied welfare economics. Catherine Kling, Iowa State University, US For the record, I am one of the people who requested that the authors revise and re-issue their textbook. It is an extremely valuable book for applied economists; as with the previous edition, I will use it extensively in two of my courses and consult it frequently in my own research endeavors. Richard Adams, Oregon State University, US The original book is very well known in our profession and is still used in many classes. It will be wonderful to have a revised edition of this classic book. Colin Carter, University of California, Davis, US This outstanding text, a follow-up to the authors award-winning 1982 text, provides a thorough treatment of economic welfare theory and develops a complete theoretical and empirical framework for applied project and policy evaluation. The authors illustrate how this theory can be used to develop policy analysis from both theory and estimation in a variety of areas including: international trade, the economics of technological change, agricultural economics, the economics of information, environmental economics, and the economics of extractive and renewable natural resources. Building on willingness-to-pay (WTP) measures as the foundation for applied welfare economics, the authors develop measures for firms and households where households are viewed as both consumers and owner/sellers of resources. Possibilities are presented for (1) approximating WTP with consumer surplus, (2) measuring WTP exactly subject to errors in existing econometric work, and (3) using duality theory to specify econometric equations consistent with theory. Later chapters cover specific areas of welfare measurement under imperfect competition, uncertainty, incomplete information, externalities, and dynamic considerations. Applications are considered explicitly for policy issues related to information, international trade, the environment, agriculture, and other natural resource issues. The Welfare Economics of Public Policy is ideal for graduate and undergraduate courses in applied welfare economics, public policy, agricultural policy, and environmental economi
Book Synopsis Pareto Efficient Taxation and Expenditures by : Joseph E. Stiglitz
Download or read book Pareto Efficient Taxation and Expenditures written by Joseph E. Stiglitz and published by . This book was released on 2017 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that there is a presumption that Pareto efficient taxation entails a positive tax on capital. When tax and expenditure policies can affect the market distribution of income, those effects need to be taken into account, reducing the burden imposed on distortionary redistribution. The paper extends the 1976 Atkinson-Stiglitz results to a dynamic, overlapping generations model, correcting a misreading of the result on the desirability of a zero capital tax. That result required separability of consumption from labor and that the only unobservable differences among individuals was in (fixed) labor productivities. In a general equilibrium model, one needs to take into account the effects of policy changes on binding self-selection constraints; and with non-separability, capital taxation depends on the complementarity/substitutability of leisure during work with retirement consumption. The final section considers taxation when there are constraints on the imposition of intergenerational transfers (either political constraints or those derived from unobservability.) It constructs a simple two class model, capitalists who maximize dynastic welfare and workers who save for retirement, whose productivity can be enhanced by (publicly provided) education. It derives a simple expression for the optimal capital tax, which is positive, so long as the social welfare function is sufficiently equalitarian and the productivity of educational expenditures are sufficiently high.
Book Synopsis Economics in Two Lessons by : John Quiggin
Download or read book Economics in Two Lessons written by John Quiggin and published by Princeton University Press. This book was released on 2021-04-13 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1946, Henry Hazlitt's bestselling Economics in One Lesson has popularized the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything. But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can't explain why they often fail so badly--or what we should do when they stumble. Quiggin teaches both lessons, offering an introduction to the key ideas behind the successes--and failures--of free markets. He explains why market prices often fail to reflect the full cost of our choices to society as a whole. Two-lesson economics means giving up the dogmatism of laissez-faire as well as the reflexive assumption that any economic problem can be solved by government action, since the right answer often involves a mixture of market forces and government policy. But the payoff is huge: understanding how markets actually work--and what to do when they don't. This book unlocks the essential issues at the heart of any economic question. --From publisher description.
Book Synopsis Allocation, Information and Markets by : John Eatwell
Download or read book Allocation, Information and Markets written by John Eatwell and published by Springer. This book was released on 1989-09-21 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an extract from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This volume concentrates on the topic of allocation information and markets.
Book Synopsis The Theory of Competitive Price by : George Joseph Stigler
Download or read book The Theory of Competitive Price written by George Joseph Stigler and published by . This book was released on 1946 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Competitive Market Efficiency and Income Distribution Non-Optimality by : Jiandong Ju
Download or read book Competitive Market Efficiency and Income Distribution Non-Optimality written by Jiandong Ju and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government redistribution is increasingly important in today's world. The effect of income distribution on industrialization and growth, and the causes of income redistribution have been studied in the contemporary literature. The normative significance of income redistribution, however, which is the focus of this paper, has been rarely studied. In this paper we analyze how income redistribution makes a potential Pareto improvement. For a given amount of total income, redistributing more income to consumers who spend relatively more on more elastically supplied goods increases the aggregate expenditure on more elastically supplied goods, while reducing the aggregate expenditure on less elastically supplied goods at the same amount. This paper shows that such reallocation of expenditures results in an increase in the equilibrium output of more elastically supplied goods, more than compensating for the decrease in equilibrium output of less elastically supplied goods. The aggregate Marshallian consumer surplus is raised and the potential Pareto improvement is then achieved. A perfectly competitive market is Pareto optimal for any income distribution at the individual level: all consumers maximize utilities for given income distribution and firms maximize profits. However, the Pareto optimal at the individual level does not ensure that the potential Pareto optimal at aggregate level is realized due to income distribution non-optimality. It is usually believed that income redistribution is aimed to improve social justice. We show in this paper that income redistribution can significantly improve efficiency at aggregate level. Using an example, we show that redistribution can improve social welfare more than 25%. If rich people spend relatively more on inelastically supplied goods than poor people do, the improvements of social justice and aggregate efficiency could move in the same direction. We give a testable condition for efficiency improving redistribution in the general case: if the consumer's sum of expenditure shares, weighted by inverse of 1 plus elasticities of supplies is less than the others' sum, redistributing more income to the consumer will make the potential Pareto improvement.
