Microeconomic Policy gives the student a wider view of microeconomics than is often the case, linking principles to settings and showing how theory compliments policy and vice-versa. Cohen sees a satisfactory balance between private interest, public concern and social norms as the challenge to present society; where microeconomic policy making and design create harmony between the market economy, state intervention and institutional governance. By linking theory to policies and application, Microeconomic Policy will enable students to acquire proficiency and recognise balance in policy analysis and preparation. It contains comprehensive coverage of a broad range of policy areas including: * competition and technology policy * information and governance policy * industrial and environmental policy * social and income policy * public sector failure and reform In each chapter, theory is complimented with an assessment of the empirical literature on the economic effects of policy measures, illustrative policy examples that highlight the different problems and complimentary analytical methods, background boxes, discussion questions and suggestions for further reading.
This textbook provides an important and fresh approach to the understanding of microeconomic policy that will be much appreciated by professionals in this field, and invaluable to students.