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The Way We Teach Public Economics: A Rationalization Using the Theory of Third Best

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  • Wai Chiu Woo

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  • Wai Chiu Woo, 2017. "The Way We Teach Public Economics: A Rationalization Using the Theory of Third Best," Pacific Economic Review, Wiley Blackwell, vol. 22(2), pages 229-248, May.
    • Handle: RePEc:bla:pacecr:v:22:y:2017:i:2:p:229-248
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    File URL: http://hdl.handle.net/10.1111/1468-0106.12224
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    References listed on IDEAS

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    1. Hillman,Arye L., 2009. "Public Finance and Public Policy," Cambridge Books, Cambridge University Press, number 9780521494267, April.
    2. R. G. Lipsey & Kelvin Lancaster, 1956. "The General Theory of Second Best," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 24(1), pages 11-32.
    3. Hillman,Arye L., 2009. "Public Finance and Public Policy," Cambridge Books, Cambridge University Press, number 9780521738057, April.
    4. Otto A. Davis & Andrew B. Whinston, 1965. "Welfare Economics and the Theory of Second Best," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 32(1), pages 1-14.
    5. Richard Lipsey, 2007. "Reflections on the general theory of second best at its golden jubilee," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 14(4), pages 349-364, August.
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    Cited by:

    1. Yew-Kwang Ng, 2017. "Theory of Third Best: How to Interpret and Apply," Pacific Economic Review, Wiley Blackwell, vol. 22(2), pages 178-188, May.
    2. Richard G. Lipsey, 2017. "Economic Policy with and without Maximizing Rules," Pacific Economic Review, Wiley Blackwell, vol. 22(2), pages 189-212, May.

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