Public finance
Encyclopedia : P : PU : PUB : Public finance
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Finance Overview Capital Investment Cash flow Credit Debt Funding Hedging Interest Risk Yield | |
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Types of Finance Corporate finance Personal finance Public finance | |
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Financial Vehicles Real Estate Securities Arbitrage Trusts Mutual funds Hedge funds Commodities Futures | |
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See Also Entrepreneur Financial market Economy | |
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Contents
The economic basis of government activity
Efficiency
- A model of efficient resource use
- Equity vs efficiency
- Market efficiency conditions
- Market failures
- Pareto efficiency
- Government efficiency - how efficient are governments at obtaining their objectives? how much of their expenditure actually goes to where it is intended? what types of waste exist?
- Scope of government activities - what do governments spend money on? what should governments spend money on? what can be left to markets? Why governments should be concerned with externalities, public goods.
Externalities and government policy
- Internalization of externalities
- The Coase Theorem. The Coase theorem is the idea that government, with the power to establish the rights to use resources, can internalize externalities when transaction costs of bargaining are zero.
Public goods
- The characteristics of
- The demand for pure public goods
- Efficient output of a pure public good
- The free rider problem
Public choice and the political process
Government expenditures
Government operations
Main article: government operationsIncome distribution
- Income distribution - How will these government expenditures influence the incomes of one group relative to another group? Government programs like ?disaster relief? transfer wealth to people that have suffered a loss due to natural disaster. Social security transfers wealth from the young to the old. Engaging in a war transfers wealth to certain sectors of society. Public education transfers wealth to families with children in these schools. Public road construction transfers wealth from people that do not use the roads to those people that do (and to those that build the roads).
- Income Security
- Employment insurance
- Health Care
Financing
- Income redistribution effects of the various types of taxes and types of borrowing
- Taxation, Prices and Efficiency
- *Inpact of taxes on market prices and efficiency
- The various types of taxes
- Taxation efficiency
- Taxation fairness
- User fees
Debt
- Government debt - the effect of previous years borrowing - the cost of servicing the debt - intergenerational consequences
- *Types of government bonds
- *Effects on the bond market
External links
Data
- [IMF--Dissemination Standards Bulletin Board-- Subscribing ...] (see "fiscal sector")
Websites
European Public Finance website - articles - http://www.europeanpublicfinance.com
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