This is a revised edition of this work which exposes students to welfare economics, focusing on the maximization of total surplus. This book covers public policy applications, including rent control in New York City, price ceilings for gasoline, agricultural price supports, tariffs and quotas, and excise taxes. A new chapter offers a look at asymmetric information, introducing students to topics such as adverse selection, market signalling, moral hazard, principal-agent problems and efficiency wages.
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This is a revised edition of this work which exposes students to welfare economics, focusing on the maximization of total surplus. This book covers public policy applications, including rent control in New York City, price ceilings for gasoline, agricultural price supports, tariffs and quotas, and excise taxes. A new chapter offers a look at asymmetric information, introducing students to topics such as adverse selection, market signalling, moral hazard, principal-agent problems and efficiency wages.
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Seller's Description:
Very Good in Very Good jacket. Hardcover, with dust jacket, in Very Good condition, old price stamp inside, no other marks or writing, some scuffing on the glossy jacket, book itself looks nice, Shorter Fourth Edition,
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