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Markets and the State : Microeconomic Policy in Australia.

Author: Malcolm Abbott
Publisher: London : Taylor and Francis, 2018.
Edition/Format:   eBook : Document : English : First editionView all editions and formats
Summary:
"This book illustrates essential microeconomic concepts and theories through the examination of related policy formulation in Australia since the 1980s. It provides a fresh approach to the subject of microeconomics from the perspective of both market and government failures. By looking at how Australia has transformed over the course of time, the book traces and tracks these changes and relates them to the broader  Read more...
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Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Malcolm Abbott
ISBN: 9781351215626 1351215620
OCLC Number: 1019719289
Description: 1 online resource : text file, PDF
Contents: Markets and the state- Front Cover; Markets and the state; Title Page; Copyright Page; Contents; List of figures; List of tables; PART I: Methods and themes; Chapter 1: Introduction; Chapter 2: The public policy process in Australia; Introduction; Public policy; Background and history; The formulation of public policy; Conclusion; Note; References; Chapter 3: Economic policy and efficiency; Introduction; Economists and policy; The theory of the firm and markets; Government intervention; Conclusion; References; PART II: Economic policy; Chapter 4: Industry policy; Introduction. Motivations for government interventionEvolution of trade policy; Effects of a tariff; Non-tariff industry policy; Conclusion; Notes; References; Chapter 5: Agricultural policy; Introduction; The â#x80;#x98;farm problemâ#x80;#x99;; Arguments for agricultural intervention; Instruments of assistance; History; Assessment; Conclusion; Notes; References; Chapter 6: Government support for research and development; Introduction; R & D as an investment; Origins; Assessment; Conclusion; References; Chapter 7: Trade practices; Introduction; Markets; Origins; Structure of the Competition and Consumer Act; Some results. ConclusionReferences; Chapter 8: National Competition Policy; Introduction; Background; Reform process; Competition Principles Agreement 1995; Example of reform; Conclusion; References; Chapter 9: Government business enterprises and privatisation; Introduction; Government business enterprises; Why government business enterprises?; Limitations of government business enterprises; Attempts to improve performance: departments, commissions and corporations; Privatisation in Australia; Privatisation outcomes; Case studies (post and airports); Conclusion; Notes; References; Chapter 10: Energy policy. IntroductionElectricity and gas markets; Electricity reform process; Benefits and problems with the reform process; Gas market reform; Renewables; Conclusion; References; Chapter 11: Utility regulation in Australia; Introduction; Natural monopolies; The role of the regulator; Light handed approach; Rate of return regulation; CPIâ#x88;#x92;X; Efficient cost of service; Performance monitoring; Conclusion; References; Chapter 12: Infrastructure; Introduction; Background; Infrastructure process; Costâ#x80;#x93;benefit analysis; Case study; Land use planning; Conclusion; References. Chapter 13: Labour market interventionIntroduction; Labour economics; Labour market interventions; Arbitration and awards; Evaluation; Workplace health and safety; Migration; Conclusion; References; Chapter 14: Training and education markets; Introduction; Human capital; Education and training benefits; Government intervention; Conclusion; References; PART III: Social policies, environment and taxation; Chapter 15: Social policy and the welfare state in Australia; Introduction; History; Characteristics; Functions of welfare; Economic efficiency and social policy; Incentives; Poverty rate.

Abstract:

"This book illustrates essential microeconomic concepts and theories through the examination of related policy formulation in Australia since the 1980s. It provides a fresh approach to the subject of microeconomics from the perspective of both market and government failures. By looking at how Australia has transformed over the course of time, the book traces and tracks these changes and relates them to the broader microeconomic reforms. It also looks at the structure of Australian economic public policy formulation and process. The book uses standard microeconomic techniques to analyse the impact of these Australian policies and examines the role of government in the implementation of these policies, making it a very useful teaching vehicle for learning about microeconomics and microeconomic policies."--Provided by publisher.

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`Markets and the State is a much-needed addition to the applied economics literature in Australia. Diverse Australian policies are lucidly assessed using microeconomic techniques. This book has an Read more...

 
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