Download or read book Demand Revelation and the Provision of Public Goods written by Edward Clarke and published by iUniverse. This book was released on 2000 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: The demand revelation process has been called a new and superior process for making social choices and holds some promise of creating an intellectual revolution in economics and politics. It relies on a so-called “Clarke tax” or pivot mechanism to ensure that individuals will adequately consider the social cost of their influence on social outcomes, thereby ensuring truthful revelation of preferences and overcoming the “free rider” problem of public goods provisioning. Demand Revelation and the Provision of Public Goods outlines Clarke’s approach to use demand revelation in the creation of demand revealing markets accompanied by the improved management of social entitlements to public goods and services. Based on these refinements, he shows ways to achieve improved government performance in areas of taxation, spending and government regulatory management. In this revised edition of his original 1980 book, Clarke reviews other recent related work, notably Martin Bailey’s Constitution for a Future Country, which describes in detail how these advances in an improved political economy can be achieved.
Download or read book Using Surveys to Value Public Goods written by Robert Cameron Mitchell and published by Routledge. This book was released on 2013-10-18 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists and others have long believed that by balancing the costs of such public goods as air quality and wilderness areas against their benefits, informed policy choices can be made. But the problem of putting a dollar value on cleaner air or water and other goods not sold in the marketplace has been a major stumbling block. Mitchell and Carson, for reasons presented in this book, argue that at this time the contingent valuation (CV) method offers the most promising approach for determining public willingness to pay for many public goods---an approach likely to succeed, if used carefully, where other methods may fail. The result of ten years of research by the authors aimed at assessing how surveys might best be used to value public goods validly and reliably, this book makes a major contribution to what constitutes best practice in CV surveys. Mitchell and Carson begin by introducing the contingent valuation method, describing how it works and the nature of the benefits it can be used to measure, comparing it to other methods for measuring benefits, and examining the data-gathering technique on which it is based---survey research. Placing contingent valuation in the larger context of welfare theory, the authors examine how the CV method impels a deeper understanding of willingness-to-pay versus willingness-to-accept compensation measures, the possibility of existence values for public goods, the role of uncertainty in benefit valuation, and the question of whether a consumer goods market or a political goods market (referenda) should be emulated. In developing a CV methodology, the authors deal with issues of broader significance to survey research. Their model of respondent error is relevant to current efforts to frame a theory of response behavior and bias typology will interest those considering the cognitive aspects of answering survey questions. Mitchell and Carson conclude that the contingent valuation method can obtain valid valuation information on public goods, but only if the method is applied in a way that addresses the potential sources of error and bias. They end their book by providing guidelines for CV practitioners, a list of questions that should be asked by any decision maker who wishes to use the findings of a CV study, and suggestions for new applications of contingent valuation. Additional features include a comprehensive bibliography of the CV literature and an appendix summarizing more than 100 CV studies.
Download or read book The Clash of Economic Ideas written by Lawrence H. White and published by Cambridge University Press. This book was released on 2012-04-16 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book places economic debates in their historical context and outlines how economic ideas have influenced swings in policy.
Download or read book Northwestern Journal of Technology Intellectual Property V9 8 written by Michael Carrier Et Al. and published by Lulu.com. This book was released on 2011 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Culture and Social Theory written by Aaron Wildavsky and published by Routledge. This book was released on 2018-02-06 with total page 541 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aaron Wildavsky, along with Mary Douglas, identified what they called grid-group theory. Wildavsky began calling this "cultural theory," and applied it to an astounding array of subjects. The essays in this volume exemplify the theory's potential contributions to three seemingly disparate, but related, areas: the social construction of meaning, normative/analytic political philosophy, and a theory of rational choices. This book is the first in a series of Aaron Wildavsky's collected writings being published posthumously by Transaction. Wildavsky selected, sequenced, and grouped all but three of the essays included in Culture and Social Theory prior to his death. Some are presented here for the first time. Wildavsky's cultural theory provides ways to organize and interpret the world. In the first section, he shows how social scientists, particularly economists and sociologists, apply the theory. Wildavsky argues that concepts such as externalities, public goods, altruism, and even risk and rape are tools of rival, ubiquitous cultures engaged in perpetual struggle with one another. The second section deals with cultural theory as a way to interpret the works of normative and analytic political philosophers, including Thomas Hobbes and John Stuart Mill, on competing human objectives. Wildavsky argues that particular types of interaction among a society's cultures are necessary for effective realization of basic concepts such as democracy. In the third section, Wildavsky applies cultural theory in conjunction with instrumental rationality, the former as a theory of preference formation, the latter as a device for realizing preferences efficiently. High-priority objectives, and thus the character of norms and rational action, shift across cultures. The world and its various elements comprise a complex, frequently changing, and thus ambiguous reality, nowhere more so than in the dynamic contours of the United States. For cultural theory, individualistic, hierarchical, and egalitarian interpretations of the world are the only ones capable of forming and sustaining institutions and related patterns of social relations that will support human social groups. Wildavsky's central objective is to strip away the camouflage and to reveal varying domains of social life as fields of cultural competition. Culture and Social Theory will be a necessary addition to the libraries of political scientists, economists, and policymakers, not to mention all those who admire Aaron Wildavsky and his work.
Download or read book Economics for the Wilds written by Edward B. Barbier and published by Routledge. This book was released on 2019-09-18 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1992 Economics for the Wilds argues that an economics that properly values the resources of the wilds offers the best long-term security for their future. Most of the world’s wilds have, in fact, always been utilized by local societies who have managed their resources sustainably, and one important guarantee for their preservation is therefore the continued participation of those communities and an adequate reward to them for their management. The book looks at the complexity and global nature of the issues, at the application of economics to the wilds and at the policies for their conservation and sustainable management which then result. It also examines specific forms of utilization of wild species and habitats, both sustainable and unsustainable, and including community-based development, tourism, the use of rainforest products, poaching and the impact of conservation on wildlife use. The book concludes that a comprehensive utilization strategy for wild resources is needed to ensure their continued existence and the continued flow of benefits from them.
Download or read book Why Perestroika Failed written by Peter J Boettke and published by Routledge. This book was released on 1993-01-14 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This argues that Perestroika failed as the result of the lack of understanding of market and political processes with reform processes representing
Download or read book James M Buchanan written by Richard E. Wagner and published by Springer. This book was released on 2019-02-15 with total page 1182 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A fine collection of essays exploring, and in many cases extending, Jim Buchanan’s many contributions and insights to economic, political, and social theory.”– Bruce Caldwell, Professor of Economics, Duke University, USA"The overwhelming impression the reader gets from this very fine collection is the extraordinary expanse of James Buchanan's work. Everyone interested in economics and related fields can profit mightily from this book."– Mario Rizzo, Professor of Economics, New York University, USA This book explores the academic contribution of James Buchanan, who received the Nobel Prize for economics in 1986. Buchanan’s receipt of the Prize is noteworthy because he was a maverick within the economics profession. In contrast to the preponderance of economists, Buchanan made little use of mathematics and no use of econometrics, preferring to used logic and language to insert his ideas into the scholarly community. Moreover, his ideas extended the domain of economic inquiry along many paths that numerous economists subsequently pursued. Buchanan’s scholarship brought economics and political science together under the rubric of public choice. He was also was a prime figure in bringing economic theory into closer contact with moral and social philosophy.This volume includes essays distributed across the extensive domain of Buchanan’s scholarly contributions, reflecting the range of his scholarly interests. Chapters will examine Buchanan’s scholarly work on public finance, social insurance, public debt, public choice, economic methodology, constitutional political economy, law and economics, and ethics and social theory. The book also examines Buchanan in relation to other prominent economists, both from the distant past and the recent past.
Download or read book Review of Austrian Economics Volume 4 written by Murray Rothbard and published by Ludwig von Mises Institute. This book was released on 2009 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Constitution for a Future Country written by M. Bailey and published by Springer. This book was released on 2001-04-10 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers ways to overcome problems that arise because voters, politicians and bureaucrats pursue selfish interests rather than the general interest in their political behaviour. It combines previously published ideas about charging people the costs of their political actions and selling insurance against unfavourable political outcomes, with new ideas about competing legislatures and incentives for generating efficient political outcomes. The book includes new theorems about the mechanisms that are discussed, as well as a proposed constitution and its rationale.
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 2019-01-10 with total page 657 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new edition restructures and updates the political economy view of the responsibilities and limitations of government. Public-choice and behavioural concepts are prominent. Gender issues are included. Technical concepts are explained from first principles. Economic theory is rigorously applied. Excessive technicality is avoided. The book integrates traditional public finance topics - taxation, public goods, externalities, and income redistribution - with political self-interest, bureaucracy, voting, rent seeking, corruption, and the common-pool problem of public spending. Social justice is viewed as income equality, equality of opportunity, or the right to benefit from one's own effort. Public policies studied include the environment, education, health insurance, welfare payments and entitlements under moral hazard, unemployment insurance, paternalistic impositions, and defence and public safety. This book is ideal for advanced undergraduate and graduate courses that combine economic theory with a real-world perspective on the politics of public finance and public policy. A broad scope makes the book suitable for students in all countries.
Download or read book Selfishness Altruism and Rationality written by Howard Margolis and published by University of Chicago Press. This book was released on 1984-10-15 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do we volunteer time? Why do we contribute money? Why, even, do we vote, if the effect of a single vote is negligible? Rationality-based microeconomic models are hard-pressed to explain such social behavior, but Howard Margolis proposes a solution. He suggests that within each person there are two selves, one selfish and the other group-oriented, and that the individual follows a Darwinian rule for allocating resources between those two selves. "Howard Margolis's intriguing ideas . . . provide an alternative to the crude models of rational choice that have dominated economics and political science for too long."—Times Literary Supplement
Download or read book Budgeting for Public Managers written by Swain and published by M.E. Sharpe. This book was released on 2015-05-18 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Benefiting from the authors' many years of teaching undergraduate and graduate students and practitioners, here is a clear, comprehensive, practice-oriented text for public budgeting courses. Rather than presenting each budgeting concern in mind-numbing detail, the book offers a commonsensical view of public budgeting and its importance to current and future public managers. The text is designed to show readers how managers relate to budgeting and how their actions make a difference in the operation and performance of public organizations. The book covers the historical development of public budgeting, sources of public revenues, revenue management, budgeting processes and formats, operating techniques, politics within public budgeting, and more. "Budgeting for Public Managers" is concise, clearly written, well illustrated, and grounded in the real-world concerns of public managers. Each chapter concludes with a helpful list of additional reading and resources for readers who want to dig deeper into budgeting practice and application.
Download or read book Public Goods written by Raymond G. Batina and published by Springer Science & Business Media. This book was released on 2006-01-19 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: A wide-ranging survey of the theory and evidence on public goods, presenting the main literature on public goods, both theoretical and empirical, in a systematic manner. The breadth and depth of the book's coverage extends the existing literature in many ways.
Download or read book WELFARE ECONOMICS AND SUSTAINABLE DEVELOPMENT Volume I written by Yew-Kwang Ng and published by EOLSS Publications. This book was released on 2009-11-17 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Welfare Economics and Sustainable Development theme is a component of Encyclopedia of Development and Economic Sciences in the global Encyclopedia of Life Support Systems (EOLSS), which is an integrated compendium of twenty one Encyclopedias. This theme introduces welfare economics and sustainable development in four topics dealing with four important issues to be considered in implementing sustainable development. These are: the use of ethics and discounting and economic growth models in balancing the interests of future generations against those of the present; the advantages and limitations of national accounting methodologies as means of evaluating sustainability; the international dimensions of sustainable development arising out of environmental and economic linkages among nations; and the nature of institutions required to promote sustainable development. These two volumes are aimed at the following five major target audiences: University and College students Educators, Professional practitioners, Research personnel and Policy analysts, managers, and decision makers and NGOs.
Download or read book Welfare Economics written by Y. Ng and published by Springer. This book was released on 2003-12-19 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: Yew-Kwang Ng looks to make welfare economics more complete by discussing the recent inframarginal analysis of division of labour and by pushing welfare economics from the level of preference to that of happiness, making a reformulation of the foundation of public policy necessary. A theory of the third best is provided, with extension to the equality/efficiency issue. The remarkable conclusion of treating a dollar as a dollar provides a powerful simplification of public policy formulation in general and in cost-benefit analysis in particular.
Download or read book An Introduction to Modern Welfare Economics written by Per-Olov Johansson and published by Cambridge University Press. This book was released on 1991-08-22 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book in welfare economics to be primarily intended for undergraduates and non-specialists. Concepts such as Pareto optimality in a market economy, the compensation criterion, and the social welfare function are explored in detail. Market failures are analysed by using different ways of measuring welfare changes. The book also examines public choice, and the issues of provision of public goods, median voter equilibrium, government failures, efficient and optimal taxation, and intergenerational equity. The three final chapters are devoted to applied welfare economics: methods for revealing people's preferences, cost-benefit analysis, and project evaluation in a risky world. The book is intended for introductory and intermediate courses in welfare economics, microeconomics, and public economics. It will also be suitable for courses in health economics, environmental economics, and cost-benefit analysis, as well as those undertaking project evaluations in government agencies and private firms.
