The welfare aspects of public economics receive extensively renewed examination in this third edition. With four new chapters and other significant revisions, it presents detailed and comprehensive coverage of theoretical literature, empirical work, environmental issues, social insurance, behavioral economics, and international tax issues. With increased emphasis on the European Union, it is rigid enough for use by PhDs while being accessible to students less well trained in math.
- Moves skillfully from explaining normative theory to applying it in mathematically compact and precise terms
- Adds new chapters on social insurance, medical care, social security pensions, behavioral public economics, and international public finance
- Includes new pedagogical supplements, including end-of-chapter questions and answers
- Emphasizes European examples
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