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The Contribution of Public Choice to Public Utility Economics — a Survey

Charles Blankart

Chapter 8 in Public Sector Economics, 1983, pp 151-170 from Palgrave Macmillan

Abstract: Abstract Public choice is an economic approach to collective decision making. This means that the emergence ofcollective decisions is explained by the axioms of individuals’ self-interest and rational choice. The logic of the market behaviour is thus extended to the behaviour in politics. In this paper it is shown, how specific kinds of political decisions, those on the regulation of markets, can be explained by the tools of public choice.

Keywords: Public Choice; Economic Adviser; Collective Decision; Public Utility; Public Enterprise (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06504-2_8

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DOI: 10.1007/978-1-349-06504-2_8

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