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Political Economics and Public Finance [PDF]
Abstract Observed fiscal policy varies greatly across time and countries. How can we explain this variation? This paper surveys the recent literature that has tried to answer this question. We adopt a unified approach in portraying public policy as the equilibrium outcome of an explicitly specified political process. We divide the material into three
Torsten Persson, Guido Tabellini
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On Public Spending and Economic Unions [PDF]
We analyze the conduct of fiscal policy in a financially integrated union in the presence of financial frictions. Frictions create a wedge between the return to investment and the union interest rate. This leads to an over-spending externality. While the social cost of spending is the return to investment, governments care mostly about the (depressed ...
Broner, Fernando+2 more
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Abstract This comprehensive textbook applies economic analysis to public law. The economic analysis of law has revolutionized legal scholarship and teaching in the last half-century, but it has focused mostly on private law, business law, and criminal law.
Cooter, Robert, Gilbert, Michael
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Public economics is based on the policies of the government. Public economics aspects or financial aspects of people in general division is the investigation of government arrangement through the viewpoint of monetary proficiency and value. At its most fundamental level, public economics aspects gives a system to pondering regardless of whether the ...
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Pluralism in Economics: A Public Good or a Public Bad? [PDF]
A pluralist approach to economics is both necessary from an academic as well a policy point of view. From an academic viewpoint pluralism can be understood as the outcome of competition and specialization in the search for new ideas that can deal with imperfections of the real world.
P Hendrik, van Dalen
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Economics of public safety [PDF]
By now, the tragic saga of the lead-contaminated drinking water in Flint, Michigan, is well known. Unlike some disasters, this one was not inevitable, and there were many warning signs that could have halted it much sooner. In the developed world, citizens have come to trust that basic public services such as water, power, and sanitation will be ...
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Economics of Public Antibiotics Development [PDF]
Issuing monetary incentives, such as market entry rewards, to stimulate private firm engagement has been championed as a solution to our urgent need for new antibiotics, but we ask whether it is economically rational to simply take public ownership of antibiotics development instead.
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Economics of Public WiFi [PDF]
Local governments in urban regions continue to find the idea of public or municipal WiFi attractive. This is for multiple reasons, not all of which are based on economic logic (such as city branding, vote-buying, emergency services, commercial lobbying, peak-traffic broadband off-loading).
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Public Choice: an Overview [PDF]
Public Choice begins with the observation that in politics, as in economics, individuals and institutions compete for scarce resources and that, therefore, the same methods of analyses used by economists to explain the behaviour of consumers and ...
Borooah, Vani
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Economics and Public Health [PDF]
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