PLANS ET RESUMES DE COURS --- Robert GARY-BOBO

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• Publié par: Siom
• Nombre de lectures: 148
• Langue: English

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ENSAE --- POLYTECHNIQUE --- SCIENCES PO

MASTER OF ECONOMICS AND PUBLIC POLICY

Robert GARY-BOBO

PUBLIC ECONOMICS

COURSE OUTLINE

1.

Some Important Results of General Equilibrium Theory

.

Competitive equilibrium. Pareto-Optimality. Price decentralization . Fundamental Theorems of Welfare

Economics.

2.

Externalities

.

Inefficiency of equilibrium with externalities. Pigovian Taxes. Pollution rights markets. The Coasian

approach and its limits. Theory of property rights

4.

Public goods.

Taxonomy of public goods. Optimal production. Samuelson’s condition and Lindahl prices. Inefficiency

of voluntary contribution mechanisms. Revelation of preferences. Clarke-Groves mechanisms. Notions of

Mechanism Design.

5.

Local Public Goods

.

Tiebout’s theory. Free-mobility equilibria. Land prices and capitalization. Theory of clubs. General

equilibrium with club goods.

6.

The Proper Scope of Government

.

Public procurement and auctions. Privatization and public-private partnerships. Application of the theory

of incomplete contracts.

7.

Economics of Police and Crime

.

Gary Becker’s Economics of Crime (revisited). Debates on the efficiency of prisons and police.

Relational contracts approach to illegal modes of governance.

8.

Road Pricing and Urban Congestion

.

Models of urban congestion: economics of “bottlenecks”. Principles of road pricing. The city of London

as an example.

9.

Education

.

Private and public returns to education. Debate on education as a signal. Education as a local public good.

Classroom economics. The class-size debate. School competition. Education and economic justice.

10.

Health

.

The industrial organization of health markets. Medical Insurance and Incentives. Yardstick competition.

Hospital regulation and pricing problems.

11

. Exhaustible Ressources and Environment

.

Optimal exploitation of exhaustible resources. The contingent valuation debate: the Exxon Valdez case.

The global warming problem. Fish and water.

REFERENCES

Jean-Jacques Laffont (1988),

Cours de Microéconomie, vol 1. Fondements de l’économie publique

,

Economica, Collection esa, Paris, traduction anglaise :

Fundamentals of Public Economics

, MIT Press.

Suzanne Scotchmer (2002), “Local Public Goods and Clubs”, chap. 29 in: Auerbach and Feldstein, eds,

Handbook of Public Economics

, vol. 4, Elsevier, Amsterdam.

Bryan Ellickson, Birgit Grodal, Suzanne Scotchmer and William Zame (1999), “Clubs and the Market”,

Econometrica

, 67, 1185-1217.

John D. Donahue (1991),

The Privatization Decision: Public Ends, Private Means

, Basic Books, Perseus

Books Group, New York.

Oliver D. Hart, Andrei Shleifer and Robert W. Vishny (1997), “The Proper Scope of Government: Theory

and Application to Prisons”,

Quarterly Journal of Economics

, 112, 1127-1161.

David Dranove and Mark Satterthwaite (2000), The Industrial Organization of Health Care Markets,

Chap. 20 in: Culyer and Newhouse eds.,

Handbook of Health Economics

, vol. 1, Elsevier, Amsterdam.

Andrei Shleifer (1985), A Theory of Yardstick Competition,

RAND Journal of Economics

, 16, 319-327.

Avinash Dixit (2004),

Lawlessness and Economics: Alternative Modes of Governance

, Princeton

University Press.

Denis Fougère, Francis Kramarz and Julien Pouget (2008), “Youth Unemployment and Crime in France”,

Journal of European Economic Association

, forthcoming.

Richard Arnott, André de Palma and Robin Lindsey (1993), “A Structural Model of Peak-Period

Congestion: A Traffic Bottleneck with Elastic Demand”,

American Economic Review

, 83, 161-179.

Geoffrey M. Heal (1993), “The Optimal Use of Exhaustible Resources”, Chapter 18 in Kneese and

Sweeney eds.,

Handbook of Natural Resource and Energy Economics

, vol. 3, Elsevier, Amsterdam.

6 empirical economics papers for exercise sessions:

6 articles d’économie empirique à traiter en travaux dirigés

:

Sandra E. Black (1999), “Do Better Schools Matter? Parental Valuation of Elementary Education”,

Quarterly Journal of Economics

, 114, 577-599.

Joshua D. Angrist and Victor Lavy (1999), “Using Maimonides’ Rule to Estimate the Effect of Class Size

on Scholastic Achievement”,

Quarterly Journal of Economics

, 114, 533-575.

David Dranove, Daniel Kessler, Mark McClellan and Mark Satterthwaite (2003), “Is More Information

Better? The Effects of “Report Cards” on Health Care Providers”,

Journal of Political Economy

, 111,

555-588.

Steven D. Levitt (1997), “Using Electoral Cycles in Police Hiring to Estimate the Effect of Police on

Crime”,

American Economic Review

, 87, 270-290.

Georgina Santos and Gordon Fraser (2006), “Road Pricing: Lessons from London”,

Economic Policy

,

April, 263-310.

Richard T. Carson, Robert C. Mitchell, Michael Hanemann, Raymond J. Kopp, Stanley Presser and Paul

A. Ruud (2003), “Contingent Valuation and Lost of Passive Use in Damages from the Exxon Valdez Oil

Spill”,

Environmental and Resource Economics

, 25, 257-286.