This paper examines changes in the allocation of public funds between production related public goods (PRPGs) and labour augmenting public goods (LAPGs) once elected village leaders replaced an appointment system. We derive a two-period theoretical model in which the interest of appointed...

This book gives readers the theoretical and empirical methods to analyze applied economics. They are institutional economics, information economics, environmental economics, international economics, financial economics, industrial organization, public economics, law and economics, and spatial...

The Microeconomics of Market Failures -- Contents -- Preface -- The Microeconomics of Market Failures -- Introduction -- Collective Choice -- The Aggregation of Preferences -- Cost-Benefit Analysis -- Implementation -- Public Economics -- Public Goods -- External Effects -- Nonconvexities --...

This book gives readers the theoretical and empirical methods to analyze applied economics. They are institutional economics, information economics, environmental economics, international economics, financial economics, industrial organization, public economics, law and economics, and spatial...