Solutions Manual to Accompany Intermediate Public Economics
The solutions manual for all exercises in Intermediate Public Economics, allowing students to use the analytical tools of public economics at several levels.
This solutions manual for Intermediate Public Economics (MIT Press, 2006) offers students an opportunity to practice using the analytical tools of public economics at intermediate and more advanced levels. The 424 exercises in the textbook (all of which are covered in the solutions manual) vary widely in nature and difficulty; some involve reflection on the models used and the discussion of assumptions and conclusions, while others work through general arguments in the text using specific functional forms. Several require the use of data to test theoretical predictions. The more challenging exercises explore and extend the material in the text. The Manual gives complete solutions to the analytical questions and provides guidance to the major points in the discussion problems, occasionally extending the discussion to related issues. In answers to the exercises analyzing data, the authors have kept the econometrics simple both in the estimation package employed and in the level of econometric sophistication. All regressions equations have been computed using Microsoft Excel. Advanced students can employ a wider range of test statistics and conduct appropriate integration tests on time series data. Professors and students will find this book an important resource for their work with the textbook.
This is the textbook that public economists have been waiting for. Hindriks and Myles present an up-to-date look at the core material in public finance, welfare economics, and collective choice theory, and delve into a number of areas of recent research. Without sacrificing formal theory, the authors present the material in a way that is well motivated, policy-relevant, and a pleasure to read.Suitable for any senior undergraduate or first graduate course, this book merits serious consideration by every instructor in the field.
Michael Smart, Department of Economics, University of Toronto
Here, at last, is a text that methodically unites the traditional normative principles of public economies with the recent emphases on the positive approaches to government behavior and on imperfect information as a source of both market and government failure. The material is accesible to students and gives a balanced and well-inormed view of the field.
Robin Boadway, Queen's University, Canada
Intermediate Public Economics sets a new standard as a comprehensive text in public economic theory for advanced undergraduates and beginning graduate students. It combines clear and concise coverage of traditional topics, such as public goods, the theory of taxation, and externalities, with engaging and up-to-date discussions of more specialized topics such as political economy, fiscal federalism, and the effect of taxation on economic growth.
James M. Poterba, Mitsui Professor of Economics, MIT