Fundamentals of Public Economics by Jean-jacques Laffont

Fundamentals of Public Economics

byJean-jacques LaffontTranslated byJohn P. Bonin, Hélène Bonin

Paperback | July 1, 2008

not yet rated|write a review

Pricing and Purchase Info

$32.50

Earn 163 plum® points

In stock online

Ships free on orders over $25

Not available in stores

about

This text by one of Europe's leading economists covers a wide variety of public economics issues with great clarity and precision, illustrating them with a wealth of carefully-chosen examples and problems.Starting from theories of general equilibrium analysis, Laffont considers issues of market failure, collective decisionmaking, and distributional equity. He analyzes the important informational and motivational problems involved in planning solutions for market failures, and provides a rigorous justification for the theoretical foundations of public economics.Topics include the theories of externalities, public goods, collective choice, consumer surplus, cost-benefit analysis and/or theory of the second best, incomplete markets, and nonconvexities. For each Laffont begins with the classical foundations, moves on to consider the topic within a simple model of the economy, and concludes by integrating results from recent journal articles into this simple framework. In this way students are led to understand the classical tradition in the context of modern general equilibrium theory.The book concludes with eight problems with solutions, each interesting and rich enough to be considered a case study, and nine exercises without solutions; together they provide an excellent review of material covered in the text. The basic approach in each problem is to set up a general equilibrium model, discover the market failure by calculating the unfettered equilibrium, and develop an explicit planning solution.Jean-Jacques Laffont is Professor of Economics at the University of Social Sciences at Toulouse. Fundamentals of Economics may be used in either an advanced graduate-level course in public economics or in conjunction with a second volume forthcoming by the same author in a course in advanced microeconomics.

About The Author

Jean-Jacques Laffont was Professor of Economics at theUniversité des Sciences Sociales de Toulouse and the InstitutUniversitaire de France and Director of the Institut d'EconomieIndustrielle.
Competition In Telecommunications
Competition In Telecommunications

by Jean-jacques Laffont

$63.42

In stock online

Not available in stores

The Economics of Uncertainty and Information
The Economics of Uncertainty and Information

by Jean-jacques Laffont

$69.14$72.95

Out of stock online

Not available in stores

Essays in the Economics of Uncertainty
Essays in the Economics of Uncertainty

by Jean-jacques Laffont

$44.50

Ships within 3-5 weeks

Not available in stores

Shop this author

Details & Specs

Title:Fundamentals of Public EconomicsFormat:PaperbackDimensions:287 pages, 9 × 6 × 0.9 inPublished:July 1, 2008Publisher:The MIT PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:026251219X

ISBN - 13:9780262512190

Look for similar items by category:

Customer Reviews of Fundamentals of Public Economics

Reviews

Extra Content

Editorial Reviews

Laffont's book has the great merit to treat a variety of topics which are not covered by a unique textbook. In fact, many subjects are not considered, to the best of my knowledge, by existing textbooks. Laffont's book, and this is one of his strengths, deals very clearly subjects of high scurrent interest.