Abstract

Information and public economics by Jean- Jacques Laffont Taking into account operators' strategic behaviour in response to their private information and the inefficiencies in public decision-making due to the operations of interest groups leads to a more realistic vision of State intervention. Taking four examples - the regulation of natural monopolies, public purchasing policies, the production of public goods and the economics of the environment, the author illustrates the main stages of this new methodology in the field of public economics.

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