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Alleviating Urban Traffic Congestion
  • Language: en
  • Pages: 264

Alleviating Urban Traffic Congestion

  • Type: Book
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  • Published: 2005
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  • Publisher: CESifo Book

Microscopic models, rather than macroscopic ones that are too simplified and too aggregated, they argue, will lead to the analysis of a wider and more creative range of policies, at least some of which should work well and be politically acceptable."--Jacket.

Information and Economic Efficiency
  • Language: en
  • Pages: 36

Information and Economic Efficiency

  • Type: Book
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  • Published: 1993
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  • Publisher: Unknown

Is an economy with adverse selection, moral hazard, or an incomplete set of risk markets "constrained" Pareto efficient? There are two sets of papers addressing this question, one asserting that, under seemingly quite general conditions, the economy is constrained Pareto efficient, the other (to which we have contributed) that it is not. In this paper, we delineate the differences in assumptions between the two sets of papers, and under our assumptions present an intuitive proof of the Pareto inefficiency of market equilibrium with moral hazard and identify what it is that the government can do that the market cannot.

Regional and Urban Economics Parts 1 & 2
  • Language: en
  • Pages: 577

Regional and Urban Economics Parts 1 & 2

  • Type: Book
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  • Published: 2013-06-20
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  • Publisher: Routledge

A collection of the first section of the "Fundamentals of Pure and Applied Economics" series, "Regional and Urban Economics: Parts One and Two" is an encyclopaedia containing eight titles: This volume highlights original contributions in regional and urban economics, concentrating mainly on urban economic theory. The contributions focus on the treatment of space in economic theory. Drawing on the body of literature developed by Von Thunen, Christaller and Losch, these chapters explore empirical, theoretical and applied aspects of urban and regional economics which can be divided into the following areas: Location Theory, "Jean Jaskold Gabszewicz, Jacques-Francois Thisse, Masahisa Fujita "and" Urs Schwiezer" Urban Public Finance, "David E. Wildasin" Urban Dynamics and Urban Externalities, "Takahiro Miyao "and" Yoshitsugu" "Kanemoto" Systems of Cities and Facility Location,

A Companion to Urban Economics
  • Language: en
  • Pages: 608

A Companion to Urban Economics

A Companion to Urban Economics provides a state-of-the-artoverview of this field, communicating its intellectual richnessthrough a diverse portfolio of authors and topics. Unique in both its rigor and international treatment An ideal supplementary textbook in upper-level undergraduateurban economics courses, or in master's level and professionalcourses, providing students with the necessary foundation to tacklemore advanced topics in urban economics Contains contributions from the world’s leading urbaneconomists

Economics for an Imperfect World
  • Language: en
  • Pages: 722

Economics for an Imperfect World

  • Type: Book
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  • Published: 2003
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  • Publisher: MIT Press

The focus of Joseph Stiglitz's work in economics throughout his long and distinguished career has been on the real world, with all of its imperfections.

Moral Hazard and Optimal Commodity Taxation
  • Language: en
  • Pages: 62

Moral Hazard and Optimal Commodity Taxation

The central result of this paper is that when moral hazard ispresent, competitive equilibrium is almost always (constrained) inefficient. Moral hazard causes shadow prices to deviate from market prices. To remedy this market failure, the government could introduce differential commodity taxation. Moral hazard causes people to take too little care to prevent accidents. The corresponding dead-weight loss can be reduced by subsidizing (taxing) those goods the consumption of which encourages (discourages) accident avoidance. At the (constrained) optimum, the sum of the deadweight losses as-sociated with moral hazard, on the one hand, and differential commodity taxation, on the other, is minimized.

Regional and Urban Economics
  • Language: en
  • Pages: 1223

Regional and Urban Economics

  • Type: Book
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  • Published: 1996
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  • Publisher: Unknown

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Public Economics
  • Language: en
  • Pages: 574

Public Economics

This book provides convenient access to a selection of Nobel prizewinner William Vickrey's papers, which have helped shape the modern field of public economics.

Economics for an Imperfect World
  • Language: en
  • Pages: 702

Economics for an Imperfect World

  • Type: Book
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  • Published: 2003
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  • Publisher: Unknown

Throughout Joseph Stiglitz's long and distinguished career in economics, the focus has been on the real world, with all of its imperfections. His 2001 Nobel Prize recognized his pioneering research in imperfect information; his work in other areas, including macroeconomics, public economics, and development economics, has been just as influential. This volume, a collection of essays written to mark Stiglitz's sixtieth birthday, reflects the wide-ranging influence of "Stiglitzian" economics. The many distinguished contributors are his teachers, students, and coauthors; their participation testifies to the personal and professional impact of Joseph Stiglitz's contributions to contemporary economic thought.

Regional and Urban Economics
  • Language: en
  • Pages: 1223

Regional and Urban Economics

  • Type: Book
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  • Published: 1996
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  • Publisher: Unknown

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