Description
PART I:INTRODUCTION The Foundations of Public Sector Theory Market Failures The Fundamental Theorems of Welfare Economic Appendix: Variable Factor Supplies PART II: PUBLIC EXPENDITURE THEORY AND POLICY The Social Welfare Function and the Quest for Distributive Justice Applying the Social Welfare Function Externalities: Theoretical Issues Externalities: Policy Considerations Nonexclusive Goods Decreasing Cost Services: the Natural Monopolies U.S. Transfer Payments: the Public Choice Perspective Practical Issues in Designing Transfers to the Poor Social Insurance: Social Security PART III: TAX THEORY AND POLICY The Pursuit of Equity in Taxation Equity Issues with the Federal Personal Income Tax Taxes and Inefficiency: the Excess Burden of Taxation Combining Equity and Efficiency in Taxation Taxes, Transfers, and Imperfect Information Tax Incidence: Theoretical Issues Tax Incidence: Applications PART IV: COST-BENEFIT ANALYSIS Cost-Benefit Analysis PART V: FISCAL FEDERALISM The Assignment of Functions amongst Governments Efficiency and Equity Issues with Mobile Resources Grants-in-Aid Epilogue: A New Behavioral Public Sector Economics?
