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This reprinted edition of a classic and truly seminal book, written
by one of the leading thinkers in the field, represents the first
comprehensive treatment of the economic theory of multi-level
government. It explores the specific economic roles of the various
levels of government, the assignment of different forms of taxation
to central, state (provincial), and local governments, and the
fiscal links between tiers of government provided by
intergovernmental grants. This reprinted edition includes a new
preface that briefly describes the origins of the book and comments
on the evolution of the theory and practice of fiscal federalism
since its original publication. The primary interest in the book
will come from scholars and graduate students interested in
multi-level public finance and public economics.
Economic theorists and finance practitioners alike turn to the
seminal work of Wallace E. Oates for a systematic statement of the
economic principles of fiscal federalism. In this book, Professor
Oates provides an overview of fiscal federalism and analyses
specific problems in a selection of his most important articles and
papers. This collection includes many pieces which are not readily
accessible.The papers in this volume constitute a basic reference
for current discussion of the evolution both of national fiscal
systems and of the fiscal structure of the European Community and
other supranational organizations. The range of approaches and
quality of argument will ensure that the book becomes a central
reference point for the continued discussion of this important
topic.
The Economics of the Environment is a working collection of the
leading papers in the field of environmental economics. It presents
within the compass of a single volume the two central issues in
environmental economics: the theory and practice of economic
regulation and the valuation of environmental amenities. Wallace E.
Oates has included both the classics, the seminal papers in the
field, and some of the recent work that is making an important
contribution to the economic analysis of environmental problems.
This volume presents an authoritative collection of the most
significant papers on fiscal federalism and local finance. In
addition to some classic papers, it offers clear and insightful
presentations of conventional wisdom in the field as well as recent
papers which illuminate important issues and point the way to
ongoing research. Topics covered include federal tax structure and
the division of fiscal functions among levels of government, the
effect of local taxes on economic growth, the systems of
governmental grants, income redistribution, the theory and practice
of local finance and fiscal decentralization in developing
countries and transitional economies.
The Economics of the Environment is a working collection of the
leading papers in the field of environmental economics. It presents
within the compass of a single volume the two central issues in
environmental economics: the theory and practice of economic
regulation and the valuation of environmental amenities. Wallace E.
Oates has included both the classics, the seminal papers in the
field, and some of the recent work that is making an important
contribution to the economic analysis of environmental problems.
Financing the New Federalism is the fifth in a series on the
governance of metropolitan areas which aimed to improve the
political organisation of metropolitan regions in America.
Originally published in 1975, this particular study focusses on
federal revenue sharing exploring its effects and implications with
the purpose of providing a breadth of views on the subject for
policy-makers. This title will be of interest to students of
environmental studies.
Financing the New Federalism is the fifth in a series on the
governance of metropolitan areas which aimed to improve the
political organisation of metropolitan regions in America.
Originally published in 1975, this particular study focusses on
federal revenue sharing exploring its effects and implications with
the purpose of providing a breadth of views on the subject for
policy-makers. This title will be of interest to students of
environmental studies.
Wally Oates is one of the most important scholars in both
environmental economics and public finance and this new volume of
his essays collects together his best recent research in both these
areas, covering theory, research and policy. The first half of the
book includes papers on the political economy of environmental
policy, the analysis of environmental regulation and environmental
federalism. The second half deals with fiscal and regulatory
competition, state and local government finance and fiscal
federalism. This new collection will be essential reading for
scholars and students in both environmental economics and public
finance.
Environmental regulation and policy making are increasingly
influenced by economic considerations. Over the past 30 years,
Wallace E. Oates has been closely involved in the development of
environmental economics as a distinct and vital field for
theoretical study, applied research and policy prescription.Drawing
key papers together in a systematic fashion, Professor Oates's
collection begins with thoughtful overviews of the field and then
continues with discussion of specific issues. Among the topics
addressed are instruments for environmental regulation, the use of
fees and taxes, emission permits, environmental federalism and
global environmental management. The Economics of Environmental
Regulation includes a specially written introduction in which
Professor Oates discusses the dramatic changes in environmental
regulation and enforcement since the 1960s and the growing
recognition of the importance of market approaches in environmental
policy making.
In this book, Professors Baumol and Oates provide a rigorous and
comprehensive analysis of the economic theory of environmental
policy. They present a formal, theoretical treatment of those
factors influencing the quality of life. By covering both the
theory of externalities and its application to environmental
policy, the authors have retained the basic structure and
organization of the first edition, which has become a standard
reference in the field. In this edition, however, they have updated
their analysis to incorporate recent research in environmental
economics.
In this book, Professors Baumol and Oates provide a rigorous and comprehensive analysis of the economic theory of environmental policy. They present a formal, theoretical treatment of those factors infuencing the quality of life. By covering both the theory of externalities and its application to environmental policy, the authors have retained the basic structure and organization of the first edition, which has become a standard reference in the field. In this edition, however, they have updated their analysis to incorporate recent research in enviromental economics.
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