Handbook of public economics : volume 3

edited by Alan J. Auerbach and Martin Feldstein

The Field of Public Economics has been changing rapidly in recent years, and the sixteen chapters contained in this Handbook survey many of the new developments. As a field, Public Economics is defined by its objectives rather than its techniques and much of what is new is the application of modern methods of economic theory and econometrics to problems that have been addressed by economists for over two hundred years. More generally, the discussion of public finance issues also involves elements of political science, finance and philosophy. These connections are evidence in several of the chapters that follow. Public Economics is the positive and normative study of government's effect on the economy. We attempt to explain why government behaves as it does, how its behavior influences the behavior of private firms and households, and what the welfare effects of such changes in behavior are. Following Musgrave (1959) one may imagine three purposes for government intervention in the economy: allocation, when market failure causes the private outcome to be Pareto inefficient, distribution, when the private market outcome leaves some individuals with unacceptably low shares in the fruits of the economy, and stabilization, when the private market outcome leaves some of the economy's resources underutilized. The recent trend in economic research has tended to emphasize the character of stabilization problems as problems of allocation in the labor market. The effects that government intervention can have on the allocation and distribution of an economy's resources are described in terms of efficiency and incidence effects. These are the primary measures used to evaluate the welfare effects of government policy

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Alternative title:	Public economics
Year of publication:	2002
Other Persons:	Auerbach, Alan J. (contributor) ; Feldstein, Martin S. (contributor)
Publisher:	Amsterdam : North-Holland
Subject:	Finanzwissenschaft \| Public economics \| Öffentliche Güter \| Public goods \| Theorie \| Theory \| Öffentliche Finanzen \| Public finance \| Öffentlicher Sektor \| Public sector \| Steuerpolitik \| Tax policy
Description of contents:	Table of Contents [external.dandelon.com]
Published items:	19 hits in ECONIS - Online Catalogue of the ZBW

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Extent:	Online Ressource (xxxiii, 1109-1784 pages)
Series:	Handbooks in economics. - Amsterdam [u.a.] : Elsevier, ZDB-ID 2685869-1. - Vol. 4 Handbook of public economics
Type of publication:	Book / Working Paper
Language:	English
Notes:	Includes bibliographical references and indexes v.3. Part 1. Capital income taxation.Ch. 17. Taxation, risk taking and household portfolio behavior / James M. Poterba -- Ch. 18. Taxation and saving / B. Douglas Bernheim -- Ch. 19. Taxation and corporate financial policy / Alan J. Auerbach -- Ch. 20. Tax policy and business investment / Kevin A.Hassett and R. Glenn Hubbard -- Part 2. Theory of taxation. Ch. 21. Taxation and economic efficiency / Alan J. Auerbach and James R. Hines Jr. -- Ch. 22. Tax avoidance, evasion and administration / Joel Slemrod and Shlomo Yitzhaki -- Ch. 23. Environmental taxation and regulation / A. Lans Bovenberg and Lawrence H. Goulder -- Part 3. Theory of government. -- Ch. 24. Political economics and public finance / Torsten Persson and Guido Tabellini -- Ch. 25. Economic analysis and the law / Louis Kaplow and Steven Shavell. Cover; Contents of Volume 3; Introduction to the Series; Contents of the Handbook; Editors' Introduction to Volume 3; Editors' Introduction; The Transformation of Public Economics Research: 1970-2000; Part 1: Capital Income Taxation; Chapter 17.Taxation, Risk-Taking, and Household Portfolio Behavior; Abstract; Keywords; Introduction; 1. Taxation and the portfolio choice environment; 2. Taxation and portfolio structure; 3. Taxation and asset sales; 4. Taxation and the markets for particular financial products; 5. Taxation, risk-taking, and human capital; 6. Conclusions and unresolved issues ReferencesChapter 18. Taxation and Saving; Abstract; Keywords; 1. Introduction; 2. Theories of taxation and saving; 3. Evidence on responses to changes in the after-tax rate of return; 4. Evidence on responses to tax-deferred savings accounts; 5. Evidence on other links between taxation and saving; 6. Concluding comments; References; Chapter 19. Taxation and Corporate Financial Policy; Abstract; Keywords; 1. Introduction; 2. Corporate equity policy; 3. The debt-equity decision; 4. Organizational form and ownership structure; 5. Taxes and financial innovation; References Chapter 20. Tax Policy and Business InvestmentAbstract; Keywords; 1. Introduction; 2. Tax policy, investment, and capital accumulation; 3. Moving from analytical to empirical analysis of investment; 4. New identification strategies in empirical research; 5. Arguments for and against investment incentives; 6. Applications to other public policies toward investment; 7. Conclusions; References; Part 2: Theory of Taxation; Chapter 21.Taxation and Economic Efficiency; Abstract; Keywords; 1. Introduction; 2. The theory of excess burden; 3. The design of optimal taxes; 4. Income taxation 5. Externalities, public goods, and the marginal cost of funds6. Optimal taxation and imperfect competition; 7. Intertemporal taxation; 8. Conclusions; References; Chapter 22. Tax Avoidance, Evasion, and Administration; Abstract; Keywords; 1. Introduction; 2. Theoretical models of evasion; 3. General models of avoidance and evasion; 4. Descriptive analysis of evasion and enforcement; 5. Descriptive analysis of avoidance; 6. Fundamentals of tax analysis; 7. Normative analysis; 8. Conclusion; References; Chapter 23. Environmental Taxation and Regulation; Abstract; Keywords; 1. Introduction 2. Optimal environmental taxation3. Environmentally motivated tax reforms; 4. Alternatives to pollution taxes; 5. Distributional considerations; 6. Summary and conclusions; References; Part 3: Theory of Government; Chapter 24. Political Economics and Public Finance; Abstract; Keywords; 1. General introduction; Part I. General redistributive politics; 2. Rich vs. poor; 3. Young vs. old; 4. Employed vs. unemployed; 5. Capital vs. labor; Part II. Special-interest politics; 6. A simple model; 7. Legislative bargaining; 8. Lobbying; 9. Electoral competition 10. Interactions in the political process
ISBN:	978-0-444-82314-4 ; 978-0-08-054419-9 ; 0-08-054419-3 ; 0-444-82314-X ; 0-444-82314-X ; 978-0-444-82314-4
Source:	ECONIS - Online Catalogue of the ZBW

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