Public economics (or economics of the public sector) is the study of government policy through the lens of economic efficiency and equity. Public economics builds on the theory of welfare economics and is ultimately used as a tool to improve social welfare. Public economics provides a framework for thinking about whether or not the government should participate in economic markets and to what extent it should do so. Microeconomic theory is utilized to assess whether the private market is likely to provide efficient outcomes in the absence of governmental interference; this study involves the analysis of government taxation and expenditures.
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康尼島（英語：），又译科尼島，是位於美國紐約市布魯克林區的半島，原本為一座海島，其面向大西洋的海灘是美國知名的休閒娛樂區域。居民大多集中位於半島的西側，約有六萬人左右，範圍西至希捷社區，東至布萊登海灘和曼哈頓海灘，而北至葛瑞福山德社區。 二十世紀前葉在美國極為知名的太空星際樂園即是以康尼島作為主要的腹地，該樂園在二次大戰後開始衰退，並持續荒廢了許久。在最近幾年，康尼島因為凱斯班公園的開幕而重新繁榮起來，凱斯班公園是職棒小聯盟球隊布魯克林旋風的主要球場。旋風隊在當地十分受到歡迎，每季開賽時都會吸引許多球迷到場觀戰。 ..
Anjos da guarda são os anjos que segundo as crenças cristãs, Deus envia no nosso nascimento para nos proteger durante toda a nossa vida. Argumenta-se que a Bíblia sustenta em algumas ocasiões a crença do anjo da guarda: "Vou enviar um anjo adiante de ti para ..
Altay Cumhuriyeti (Rusça: Респу́блика Алта́й / Respublika Altay; Altay Türkçesi: Алтай Республика / Altay Respublika), Rusya'nın en güneyinde yer alan, federasyona bağlı bir özerk cumhuriyet. Orta Asya'da Asya kıtasının coğrafî merkezinin hemen kuzeyinde ve ..
沙羅週期長度為18年11天，本週期包含70次日食，其中公元3000年以前有49次。 註：下表各項數據均為食分最大地點的情況。寬度指該地點食甚時刻月球的本影（全食時）或偽本影（環食時）落在地表的寬度，持續時間指該地點食既到生光的時間，即全食或環食的持續時間，全環食（亦稱混合食）發生時，食分最大處為全食。最後兩項參數不適用於偏食。 本周期最終結束於3378年6月17日。
希西家王 (希伯來語：，英語：）是猶大末年的君主，也是猶大國歷史中極尊重上帝的君王，在位29年。終年54歲。他在位的年份有兩種說法：其一是前715年-前687年；另一種是前716年-前687年。他的德行在其前後的猶大列王中，没有一個能及他。其希伯來名字的意思是“被神加力量”。 希西家的父親亞哈斯是一個背逆上帝的君王。因此在希西家當政之初的猶大國，無論政治，宗教上都极其黑暗。根據《聖經》記載，因为北國以色列被亞述攻滅，亞述王可以趁勢来攻打猶大國；又猶大的先王亞哈斯曾封鎖了聖殿之路，引導舉國崇拜偶像，大大得罪上帝。若非上帝的憐憫，為了堅定向大衛家所說的應許，猶大國的暫得幸存。希西家在二十五歲就登基作王，且正在國家危急之秋，由於行耶和華上帝眼中看為正的事，因而得上帝的憐憫，得以成功脫離亞述大軍的攻擊和一場致死的大病。他樂於聽從當代先知以賽亞的指導，使他為上帝大發熱心。 ..
The OnePlus 2 (also abbreviated as OP2) is a smartphone designed by OnePlus. It is the successor to the OnePlus One. OnePlus revealed the phone on 28 July 2015 via virtual reality, using Google's Cardboard visor and their own app. OnePlus sold out 30,000 units ..
兴隆街镇，是中华人民共和国四川省内江市资中县下辖的一个乡镇级行政单位。 兴隆街镇下辖以下地区： 兴隆街社区、兴松村、玄天观村、三元村、金星村、三皇庙村、双桥村、红庙子村、华光村、高峰村、芦茅湾村、篮家坝村、五马村和解放村。
Национальная и университетская библиотека (словен. Narodna in univerzitetna knjižnica, NUK), основанная в 1774 году, — один из важнейших образовательных и культурных учреждений Словении. Она располагается в центре столицы Любляна, между улицами Турьяшка (Turjaška ..
Mauser M1924 (или M24) — серия винтовок компании Mauser, использовавшихся в армиях Бельгии и Югославии. Внешне напоминают чехословацкие винтовки vz. 24, в которых использовались стандартный открытый прицел, патроны калибра 7,92×57 мм (или 8×57 мм), укороченные ..
第三条道路（英語：），又称新中间路线（Middle Way），是一种走在自由放任资本主义和传统社会主义中间的一种政治经济理念的概称。它由中间派所倡导，是社会民主主义的一个流派，英国工党称其为「现代化的社会民主主义」。它的中心思想是既不主张纯粹的自由市场，也不主张纯粹的社會主義，主张在两者之间取折衷方案。 第三条道路不只单单是走在中间，或只是一种妥协或混合出来的东西，第三条道路的提倡者看到了社会主义和资本主义互有不足之处，所以偏向某一极端也不是一件好事，第三条道路正正是揉合了双方主义的优点，互补不足而成的政治哲学。 ..
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Public economics (or economics of the public sector) is the study of government policy through the lens of economic efficiency and equity. Public economics builds on the theory of welfare economics and is ultimately used as a tool to improve social welfare.
Public economics provides a framework for thinking about whether or not the government should participate in economic markets and to what extent it should do so. Microeconomic theory is utilized to assess whether the private market is likely to provide efficient outcomes in the absence of governmental interference; this study involves the analysis of government taxation and expenditures.
This subject encompasses a host of topics including market failures, externalities, and the creation and implementation of government policy.[1]
Broad methods and topics include:
Emphasis is on analytical and scientific methods and normative-ethical analysis, as distinguished from ideology. Examples of topics covered are tax incidence,[7] optimal taxation,[8] and the theory of public goods.[9]
The Journal of Economic Literature (JEL) classification codes are one way categorizing the range of economics subjects. There, Public Economics, one of 19 primary classifications, has 8 categories. They are listed below with JEL-code links to corresponding available article-preview links of The New Palgrave Dictionary of Economics Online (2008) and with similar footnote links for each respective subcategory if available:[10]
In 1971, Peter A. Diamond and James A. Mirrlees published a seminal paper which showed that even when lump-sum taxation is not available, production efficiency is still desirable. This finding is known as the Diamond–Mirrlees efficiency theorem, and it is widely credited with having modernized Ramsey's analysis by considering the problem of income distribution with the problem of raising revenue. Joseph E. Stiglitz and Partha Dasgupta (1971) have criticized this theorem as not being robust on the grounds that production efficiency will not necessarily be desirable if certain tax instruments cannot be used.
One of the achievements for which the great English economist A.C. Pigou is known, was his work on the divergences between marginal private costs and marginal social costs (externalities). In his book, The Economics of Welfare (1932), Pigou describes how these divergences come about:
...one person A, in the course of rendering some service, for which payment is made, to a second person B, incidentally also renders services or disservices to other persons (not producers of like services), of such a sort that payment cannot be extracted from the benefited parties or compensation enforced on behalf of the injured parties (Pigou p. 183).
In particular, Pigou is known for his advocacy of what are known as corrective taxes, or Pigouvian taxes:
It is plain that divergences between private and social net product of the kinds we have so far been considering cannot, like divergences due to tenancy laws, be mitigated by a modification of the contractual relation between any two contracting parties, because the divergence arises out of a service or disservice to persons other than the contracting parties. It is, however, possible for the State, if it so chooses, to remove the divergence in any field by "extraordinary encouragements" or "extraordinary restraints" upon investments in that field. The most obvious forms which these encouragements and restraints may assume are, of course, those of bounties and taxes (Pigou p. 192).
Externalities arise when consumption by individuals or production by firms affect the utility or production function of other individuals or firms.[19] Positive externalities are education, public health and others while examples of negative externalities are air pollution, noise pollution, non-vaccination and more.[20] The government can intervene in the market, using an emission tax for example to create a more efficient outcome; this Pigouvian tax is the optimal policy prescription for any aggregate, negative externality.[21]
Pigou describes as positive externalities, examples such as resources invested in private parks that improve the surrounding air, and scientific research from which discoveries of high practical utility often grow. Alternatively, he describes negative externalities, such as the factory that destroys a great part of the amenities of neighboring sites.
In 1960, the economist Ronald H. Coase proposed an alternative scheme whereby negative externalities are dealt with through the appropriate assignment of property rights. This result is known as the Coase theorem.
Public goods, or collective consumption goods, exhibit two properties; non-rivalry and non-excludability. Something is non-rivaled if one person's consumption of it does not deprive another person, (to a point) a firework display is non-rivaled - since one person watching a firework display does not prevent another person from doing so. Something is non-excludable if its use cannot be limited to a certain group of people. Again, since one cannot prevent people from viewing a firework display it is non-excludable.[9] Conceptually, another example of public good is the service that is provided by law enforcement organizations, such as sheriffs and police.[22] Typically, cities and towns are served by only one police department, and the police department serves all of the people within its jurisdiction.
While the origins of cost–benefit analysis can be traced back to Jules Dupuit's classic article "On the Measurement of the Utility of Public Works" (1844), much of the subsequent scholarly development occurred in the United States and arose from the challenges of water-resource development. In 1950, the U.S. Federal Interagency River Basin Committee's Subcommittee on Benefits and Costs published a report entitled, Proposed Practices for Economic Analysis of River Basin Projects (also known as the Green Book), which became noteworthy for bringing in the language of welfare economics.[23] In 1958, Otto Eckstein published Water-Resource Development: The Economics of Project Evaluation, and Roland McKean published his Efficiency in Government Through Systems Analysis: With Emphasis on Water Resources Development. The latter book is also considered a classic in the field of operations research. In subsequent years, several other important works appeared: Jack Hirshleifer, James DeHaven, and Jerome W. Milliman published a volume entitled Water Supply: Economics, Technology, and Policy (1960); and a group of Harvard scholars including Robert Dorfman, Stephen Marglin, and others published Design of Water-Resource Systems: New Techniques for Relating Economic Objectives, Engineering Analysis, and Governmental Planning (1962).[24]
