A critique of Ng's third-best theory
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References listed on IDEAS
- Yew-Kwang Ng, 1987. "Equity, Efficiency and Financial Viability: Public-Utility Pricing with Special Reference to Water Supply," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 20(3), pages 21-35.
- Ng, Yew-Kwang, 1984. "Quasi-Pareto Social Improvements," American Economic Review, American Economic Association, vol. 74(5), pages 1033-1050, December.
- R. G. Lipsey & Kelvin Lancaster, 1956. "The General Theory of Second Best," Review of Economic Studies, Oxford University Press, vol. 24(1), pages 11-32.
- Richard Lipsey, 2007. "Reflections on the general theory of second best at its golden jubilee," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 14(4), pages 349-364, August.
- Ng, Yew-Kwang, 2000.
"The Optimal Size of Public Spending and the Distortionary Cost of Taxation,"
National Tax Journal,
National Tax Association;National Tax Journal, vol. 53(2), pages 253-272, June.
- Yew-Kwang Ng, 2000. "The Optimal Size of Public Spending and the Distortionary Cost of Taxation," Monash Economics Working Papers archive-19, Monash University, Department of Economics.
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- Richard G. Lipsey, 2013. "Some contentious issues in theory and policy in memory of Mark Blaug," Chapters,in: Mark Blaug: Rebel with Many Causes, chapter 6, pages 31-62 Edward Elgar Publishing.
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KeywordsSecond best; third best; reaction function; piecemeal welfare policies;
- D60 - Microeconomics - - Welfare Economics - - - General
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
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