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Public Economics as Second-Best Analysis

In: Contemporary Economic Issues

Author

Listed:
  • Robin Boadway

    (Queen’s University)

Abstract

This chapter surveys the role of second-best analysis in the evolution of normative public economics. In fact, most of the current issues and research in public economics involve second-best type analysis — in other words, policy analysis in economies in which, for various reasons, a first-best optimum cannot be achieved.1

Suggested Citation

  • Robin Boadway, 1998. "Public Economics as Second-Best Analysis," International Economic Association Series, in: Holger C. Wolf (ed.), Contemporary Economic Issues, chapter 6, pages 118-137, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-26072-0_6
    DOI: 10.1007/978-1-349-26072-0_6
    as

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