Public Economics as Second-Best Analysis

Robin Boadway

Chapter 6 in Contemporary Economic Issues, 1998, pp 118-137 from Palgrave Macmillan

Abstract: Abstract This chapter surveys the role of second-best analysis in the evolution of normative public economics. In fact, most of the current issues and research in public economics involve second-best type analysis — in other words, policy analysis in economies in which, for various reasons, a first-best optimum cannot be achieved.1

Keywords: Shadow Price; Public Economic; Time Inconsistency; Samuelson Rule; Optimal Redistributive Policy (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-26072-0_6

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DOI: 10.1007/978-1-349-26072-0_6

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