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Klappentext This comprehensive new text breaks the mould of traditional Public Sector Economics texts. It provides the student with a solid grounding in theory and focuses on how this theory can be applied to a broad range of contemporary issues, such as health and education, the monopoly regulation and privatisation, as well as taxes and incentives. This approach teaches the student to understand how the public sector interacts with the rest of the economy, why governments act in the way they do, enabling them to evaluate policies and their alternatives. Zusammenfassung This comprehensive new text breaks the mould of traditional Public Sector Economics texts. It provides the student with a solid grounding in theory and focuses on how this theory can be applied to a broad range of contemporary issues such as health and education, the monopoly regulation and privatisation, as well as taxes and incentives. This approach teaches the student to understand how the public sector interacts with the rest of the economy, why governments act in the way they do, enabling them to evaluate policies and their alternatives. Inhaltsverzeichnis Introduction Economic Rationales for the State Equity and Efficiency Public Goods Externalities Asymmetric Information Benefit Analysis Public Choice Government Failure Taxation Tax Incidence and Efficiency Intertemporal Issues Taxes on Labour Social Insurance and the Welfare State Income Inequality Poverty Social Policy Pensions and Ageing Healthcare Education and Training Privatisation and Social Ownership Regulation and Competition Policy The Environment Federal Issues and the European Union