The microeconomics of public policy analysis /

This title shows how microeconomics should be used in the analysis of public policy problems. It is a new way to learn microeconomics, motivated by its application to important, real-world issues.

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Bibliographic Details
Main Author: Friedman, Lee S.
Format: Electronic eBook
Language:English
Published: Princeton, N.J. : Princeton University Press, ©2002.
Subjects:
Online Access:CONNECT
Table of Contents:
  • Introduction to microeconomic policy analysis
  • An introduction to modeling : demand, supply, and benefit-cost reasoning
  • Utility maximization, efficiency, and equity
  • The specification of individual choice models for the analysis of welfare programs
  • The analysis of equity standards : an intergovernmental grant application
  • The compensation principle of benefit-cost reasoning : benefit measures and market demands
  • Uncertainty and public policy
  • Allocation over time and indexation
  • The cost side of policy analysis : technical limits, productive possibilities, and cost concepts
  • Private profit-making organizations : objectives, capabilities, and policy implications
  • Public and nonprofit organizations : objectives, capabilities, and policy implications
  • Efficiency, distribution, and general competitive analysis : consequences of taxation
  • The control of prices to achieve equity in specific markets
  • Distributional control with rations and vouchers
  • Allocative difficulties in markets and governments
  • The problem of public goods
  • Externalities and policies to internalize them
  • Industry regulation
  • Policy problems of allocating resources over time
  • Imperfect information and institutional choices.