Public Goods Redistribution And Rent Seeking

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Public Goods, Redistribution and Rent Seeking

Author : Gordon Tullock
Publisher : Edward Elgar Publishing
ISBN 13 : 1845424689
Total Pages : 162 pages
Book Rating : 4.8/5 (454 download)

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Book Synopsis Public Goods, Redistribution and Rent Seeking by : Gordon Tullock

Download or read book Public Goods, Redistribution and Rent Seeking written by Gordon Tullock and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book features Professor Tullock s normal array of insights and gems of wisdom throughout. The thesis of the book, to view government through the prism of externalities, is intriguing and makes the book well worth reading. Daniel Sutter, Public Choice The book can be commended for introducing a broad range of thought-provoking ideas in an accessible form. It is an easy read, but does not achieve (nor does it aspire to) the usual standards of academic rigour. It is in places retrospective and in others polemical. But all of it is entertaining. Gareth Myles, Economica The book offers a nice introduction into public choice but still has enough in it to keep more advanced scholars interested. Well worth reading for anyone with even a modicum of interest in economics and/or politics in the most non-partisan sense. Phong Ngo, Economic Record Tullock provides a readable account of public choice economics and the problems with collective decision making. . . Highly recommended. M. Steckbeck, Choice Gordon Tullock, eminent political economist and one of the founders of public choice, offers this new and fascinating look at how governments and externalities are linked. Economists frequently justify government as dealing with externalities, defined as benefits or costs that are generated as the result of an economic activity, but that do not accrue directly to those involved in the activity. In this original work, Gordon Tullock posits that government can also create externalities. In doing so, he looks at governmental activity that internalizes such externalities. Monarchical governments originally introduced, for the benefit of the monarch rather than to eliminate externalities, many standard government activities such as road building, war, and internal policing. Most modern governments spend more money on redistribution than on more traditional government activities. This can be thought of as another effort to reduce externalities, since suffering in the community imposes externalities on the rest of us. Rent seeking, a relatively new field in economics and political science, is closely related to externalities and to the structure of government. An analysis of rent seeking, as well as some suggestions for improving government structure, cap off this fascinating treatise. Economists and political scientists will find this lively and readable book both stimulating and provocative.

Public Finance and Public Policy

Author : Arye L. Hillman
Publisher : Cambridge University Press
ISBN 13 : 1139475371
Total Pages : 861 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Public Finance and Public Policy by : Arye L. Hillman

Download or read book Public Finance and Public Policy written by Arye L. Hillman and published by Cambridge University Press. This book was released on 2009-04-06 with total page 861 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Goods and Private Communities

Author : Fred E. Foldvary
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Public Goods and Private Communities by : Fred E. Foldvary

Download or read book Public Goods and Private Communities written by Fred E. Foldvary and published by Edward Elgar Publishing. This book was released on 1994 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Louis, are in fact financing their own public goods and services in accordance with this theory. For such communities to rise and prosper, the author contends, government must eliminate zoning and many other restrictions, as well as the taxation of private services.

The Theory of Externalities and Public Goods

Author : Wolfgang Buchholz
Publisher : Springer
ISBN 13 : 3319494422
Total Pages : 326 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis The Theory of Externalities and Public Goods by : Wolfgang Buchholz

Download or read book The Theory of Externalities and Public Goods written by Wolfgang Buchholz and published by Springer. This book was released on 2017-03-20 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This state-of-the art collection of papers analyses various aspects of the theory of externalities and public goods. The contributions employ new analytical techniques like the aggregative game approach, and discuss the philosophical underpinnings of the theory. Furthermore, they highlight a range of topical empirical applications including climate policy and counterterrorism. This contributed volume was written in memory of Richard C. Cornes, a pioneer in the theory of externalities and public goods.

Social Contract, Free Ride

Author : Anthony De Jasay
Publisher : Collected Papers of Anthony de
ISBN 13 : 9780865977013
Total Pages : 0 pages
Book Rating : 4.9/5 (77 download)

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Book Synopsis Social Contract, Free Ride by : Anthony De Jasay

Download or read book Social Contract, Free Ride written by Anthony De Jasay and published by Collected Papers of Anthony de. This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a novel account of the public goods dilemma. The author shows how the social contract, in its quest for fairness, actually helps to breed the parasitic 'free riding' it is meant to suppress. He also shows how, in the absence of taxation, many public goods would be provided by spontaneous group co-operation. This would, however, imply some degree of free riding. Unwilling to tolerate such unfairness, co-operating groups would eventually drift from voluntary to compulsory solutions, heedless of the fact that this must bring back free riding with a vengeance. The author argues that the perverse incentives created by the attempt to render public provision assured and fair are a principal cause of the poor functioning of organised society.

Rents, Rent-Seeking and Economic Development

Author : Mushtaq Husain Khan
Publisher : Cambridge University Press
ISBN 13 : 9780521788663
Total Pages : 358 pages
Book Rating : 4.7/5 (886 download)

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Book Synopsis Rents, Rent-Seeking and Economic Development by : Mushtaq Husain Khan

Download or read book Rents, Rent-Seeking and Economic Development written by Mushtaq Husain Khan and published by Cambridge University Press. This book was released on 2000-09-07 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concepts of rents and rent-seeking are central to any discussion of the processes of economic development. Yet conventional models of rent-seeking are unable to explain how it can drive decades of rapid growth in some countries, and at other times be associated with spectacular economic crises. This book argues that the rent-seeking framework has to be radically extended by incorporating insights developed by political scientists, institutional economists and political economists if it is to explain the anomalous role played by rent-seeking in Asian countries. It includes detailed analysis of Thailand, Malaysia, the Philippines, the Indian sub-continent, Indonesia and South Korea. This new critical and multidisciplinary approach has important policy implications for the debates over institutional reform in developing countries. It brings together leading international scholars in economics and political science, and will be of great interest to readers in the social sciences and Asian studies in general.

The Political Economy of Rent-Seeking

Author : Charles Rowley
Publisher : Springer Science & Business Media
ISBN 13 : 9780898382419
Total Pages : 520 pages
Book Rating : 4.3/5 (824 download)

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Book Synopsis The Political Economy of Rent-Seeking by : Charles Rowley

Download or read book The Political Economy of Rent-Seeking written by Charles Rowley and published by Springer Science & Business Media. This book was released on 1988-01-31 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is now twenty years since the concept of rent-seeking was first devised by Gordon Tullock, though he was not responsible for coining the phrase itself. His initial insight has burgeoned over two decades into a major research program which has had an impact not only on public choice, but also on the related disciplines of economics, political science, and law and economics. The reach of the insight has proved to be universal, with relevance not just for the democracies, but also, and arguably more important, for all forms of autocracy, irrespective of ideological com plexion. It is not surprising, therefore, that this volume is the third edited publication dedicated specifically to scholarship into rent-seeking behavior. The theory of rent-seeking bridges normative and positive analyses of state action. In its normative dimension, rent-seeking scholarship has expanded, enlivened, in some respects turned on its head, the traditional welfare analyses of such features of modern economics as monopoly, externalities, public goods, and trade protection devices. In its positive dimension, rent-seeking contributions have provided an important analy tical perspective from which to understand and to predict the behavior of politicians, interest groups and bureaucrats, the media and the academy within the political market place. This bridge between normative and positive elements of analysis is invaluable in facilitating an understanding of and evaluating the costs of state activity within a consistent paradigm.

Public Goods for Economic Development

Author : Olga Memedović
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.

Public Goods and Public Allocation Policy

Author : Rüdiger Pethig
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.

Law and Economics

Author : Gordon Tullock
Publisher :
ISBN 13 : 9781843766377
Total Pages : 472 pages
Book Rating : 4.7/5 (663 download)

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Book Synopsis Law and Economics by : Gordon Tullock

Download or read book Law and Economics written by Gordon Tullock and published by . This book was released on 2005 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Toward a Political Economy of the Commons

Author : Cai, Meina
Publisher : Edward Elgar Publishing
ISBN 13 : 1800374321
Total Pages : 192 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Toward a Political Economy of the Commons by : Cai, Meina

Download or read book Toward a Political Economy of the Commons written by Cai, Meina and published by Edward Elgar Publishing. This book was released on 2022-01-14 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since Garrett Hardin published The Tragedy of the Commons in 1968, critics have argued that population growth and capitalism contribute to overuse of natural resources and degradation of the global environment. They propose coercive, state-centric solutions. This book offers an alternative view. Employing insights from new institutional economics, the authors argue that property rights, competitive markets, polycentric political institutions, and social institutions such as trust, patience and individualism enable society to conserve natural resources and mitigate harms to the global environment.

Political Equilibrium: A Delicate Balance

Author : Peter C. Ordeshook
Publisher : Springer Science & Business Media
ISBN 13 : 9400973802
Total Pages : 217 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Political Equilibrium: A Delicate Balance by : Peter C. Ordeshook

Download or read book Political Equilibrium: A Delicate Balance written by Peter C. Ordeshook and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peter C. Ordeshook and Kenneth A. Shepsle If the inaugural date of modern economics is set at 1776 with the publication of Adam Smith's The Wealth of Nations, then the analytical tradition in the study of politics is not even a decade younger, commencing nine years later with the publication of the Marquis de Condorcet's Essai sur l'application de l'analyse iz la probabilite des decisions rendues iz la pluralite des voix. The parallel, however, stops there for, unlike Smith and other classical economists who laid an intel lectual foundation upon which a century of cumulative scientific research pro ceeded, analytical political science suffered fits and starts. Condorcet, himself, acknowledges the earlier work (predating the Essai by some fourteen years) of Borda and, from time to time during the nineteenth century, their contributions were rediscovered by Dodgson, Nanson, and other political philosophers and arithmeticians. But, by century's end, there was nothing in political science to compare to the grand edifice of general equilibrium theory in neoclassical eco nomics. Despite roots traversing two centuries, then, the analytical study of poli tics is a twentieth-century affair. The initial inspiration and insight of Condorcet was seized upon just after World War II by Duncan Black, who wrote several papers on the equilibrium properties of majority rule in specific contexts (Black, 1948a, b). He expanded upon these themes in his now deservedly famous monograph, The Theory of xi PREFACE xii Committees and Elections, and the lesser-known essay with R.A.

The Political Economy of Rent-Seeking

Author : Charles Rowley
Publisher : Springer Science & Business Media
ISBN 13 : 1475719639
Total Pages : 480 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis The Political Economy of Rent-Seeking by : Charles Rowley

Download or read book The Political Economy of Rent-Seeking written by Charles Rowley and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is now twenty years since the concept of rent-seeking was first devised by Gordon Tullock, though he was not responsible for coining the phrase itself. His initial insight has burgeoned over two decades into a major research program which has had an impact not only on public choice, but also on the related disciplines of economics, political science, and law and economics. The reach of the insight has proved to be universal, with relevance not just for the democracies, but also, and arguably more important, for all forms of autocracy, irrespective of ideological com plexion. It is not surprising, therefore, that this volume is the third edited publication dedicated specifically to scholarship into rent-seeking behavior. The theory of rent-seeking bridges normative and positive analyses of state action. In its normative dimension, rent-seeking scholarship has expanded, enlivened, in some respects turned on its head, the traditional welfare analyses of such features of modern economics as monopoly, externalities, public goods, and trade protection devices. In its positive dimension, rent-seeking contributions have provided an important analy tical perspective from which to understand and to predict the behavior of politicians, interest groups and bureaucrats, the media and the academy within the political market place. This bridge between normative and positive elements of analysis is invaluable in facilitating an understanding of and evaluating the costs of state activity within a consistent paradigm.

The Theory of Public Choice--II

Author : James M. Buchanan
Publisher : University of Michigan Press
ISBN 13 : 9780472080410
Total Pages : 468 pages
Book Rating : 4.0/5 (84 download)

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Book Synopsis The Theory of Public Choice--II by : James M. Buchanan

Download or read book The Theory of Public Choice--II written by James M. Buchanan and published by University of Michigan Press. This book was released on 1984 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses voting, tax policy, government regulation, redistribution of wealth, and international negotiation in a new approach to government

The Rise and Decline of Nations

Author : Mancur Olson
Publisher : Yale University Press
ISBN 13 : 0300254067
Total Pages : 296 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis The Rise and Decline of Nations by : Mancur Olson

Download or read book The Rise and Decline of Nations written by Mancur Olson and published by Yale University Press. This book was released on 2022-01-01 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A compelling theory on the rationale for the changing fortunes of nations"--Publisher's website.

PUBLIC GOODS, PRIVATE GOODS: the merging in global space

Author :
Publisher : Dorrance Publishing
ISBN 13 : 1434944689
Total Pages : 146 pages
Book Rating : 4.4/5 (349 download)

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Book Synopsis PUBLIC GOODS, PRIVATE GOODS: the merging in global space by :

Download or read book PUBLIC GOODS, PRIVATE GOODS: the merging in global space written by and published by Dorrance Publishing. This book was released on with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Redistribution, Inequality, and Growth

Author : Mr.Jonathan David Ostry
Publisher : International Monetary Fund
ISBN 13 : 1484397657
Total Pages : 30 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Redistribution, Inequality, and Growth by : Mr.Jonathan David Ostry

Download or read book Redistribution, Inequality, and Growth written by Mr.Jonathan David Ostry and published by International Monetary Fund. This book was released on 2014-02-17 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the Fund’s mandate is providing advice that will enable members’ economies to grow on a sustained basis. But the Fund has rightly been cautious about recommending the use of redistributive policies given that such policies may themselves undercut economic efficiency and the prospects for sustained growth (the so-called “leaky bucket” hypothesis written about by the famous Yale economist Arthur Okun in the 1970s). This SDN follows up the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth (except in extreme cases). One should be careful not to assume therefore—as Okun and others have—that there is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a conclusion.