Titlebook: Economic Perspectives on Government; Keith Dowding,Brad R. Taylor Book 2020 The Editor(s) (if applicable) and The Author(s), under exclusi

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Book 2020ntly frames the scholarship of the last half century, and persuasively applies it to the recurring problems facing groups, markets, and whole societies.”.—Kenneth A. Shepsle, Harvard University, USA.This book introduces and applies the economic way of thinking to public policy and public administrat

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Introduction, as predictive devices and how they are applied to types of agent rather than biological ones. It introduces the idea of formal models to provide predictions and how they can be applied to actual social and political processes. It introduces four concepts central to this way of thinking: opportunity

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Markets, Market Failure and the Role of Government,ncy or market failure. We pay particular attention to the existence of externalities and show how these can, but do not always, cause markets to fail. Whenever there is market failure it is conceptually possible for government to intervene in order to improve outcomes. Government failure also occurs

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