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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. 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.
    2. Hillman,Arye L., 2009. "Public Finance and Public Policy," Cambridge Books, Cambridge University Press, number 9780521738057, April.
    3. Hillman,Arye L., 2009. "Public Finance and Public Policy," Cambridge Books, Cambridge University Press, number 9780521494267, 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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