The Duties of the Sovereign: A Brief Guide to the Literature

ECONPUBBLICA Working Paper No. 148

25 Pages Posted: 4 Mar 2012

See all articles by Roberto Artoni

Roberto Artoni

Bocconi University - Department of Policy Analysis and Public Management

Alessandra Casarico

Bocconi University - Department of Policy Analysis and Public Management

Date Written: July 2010

Abstract

In this paper we address the following four questions: is it reasonably correct to assume that the government is benevolent and competent? Has state intervention through taxation and transfers negative effects on individual incentives? In a context of limited information, are political failures or market failures more relevant? Which macroeconomic model is more useful for policy analysis?

We tackle the above issues by surveying and discussing the main contributions in the literature on the above topics and we draw some lessons on the appropriate role of public intervention in the economy.

Suggested Citation

Artoni, Roberto and Casarico, Alessandra, The Duties of the Sovereign: A Brief Guide to the Literature (July 2010). ECONPUBBLICA Working Paper No. 148. Available at SSRN: https://ssrn.com/abstract=2014647 or http://dx.doi.org/10.2139/ssrn.2014647

Roberto Artoni (Contact Author)

Bocconi University - Department of Policy Analysis and Public Management ( email )

Via Roentgen 1
Milan, 20136
Italy

Alessandra Casarico

Bocconi University - Department of Policy Analysis and Public Management ( email )

Via Roentgen 1
Milan, 20136
Italy

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