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Markets and Politicians
Arye L. . Ed(S): Hillman
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Description for Markets and Politicians
Paperback. Editor(s): Hillman, Arye L. Series: Studies in Public Choice. Num Pages: 368 pages, biography. BIC Classification: KCM; KFFD1. Category: (P) Professional & Vocational. Dimension: 242 x 172 x 22. Weight in Grams: 588.
Arye L. Hillman There has been much economic theorizing directed at providing the politician with guidance in the design of policies that will amend market outcomes in ways that achieve specified efficiency or equity objectives. It has been common practice in economic models to portray the politician who implements the policy recommendations as a mechanistic individual who behaves as would a benevolent dictator to maximize a prespecified conception of social welfare or the utility of a representative consumer. The self-interest and discretion that is attributed to firms and consumers as optimizing agents is absent from the motives of such a ... Read more
Arye L. Hillman There has been much economic theorizing directed at providing the politician with guidance in the design of policies that will amend market outcomes in ways that achieve specified efficiency or equity objectives. It has been common practice in economic models to portray the politician who implements the policy recommendations as a mechanistic individual who behaves as would a benevolent dictator to maximize a prespecified conception of social welfare or the utility of a representative consumer. The self-interest and discretion that is attributed to firms and consumers as optimizing agents is absent from the motives of such a ... Read more
Product Details
Format
Paperback
Publication date
2012
Publisher
Springer Netherlands
Number of pages
368
Condition
New
Series
Studies in Public Choice
Number of Pages
368
Place of Publication
Dordrecht, Netherlands
ISBN
9789401057288
SKU
V9789401057288
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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