Market failure due to market power, asymmetric information, externality, public goods, equality, macro imbalances.The changing role of government in transitional economiesCases: Public sector role in Vietnam and Singapore
*Jonathan Gruber (2011), Chapter 1
*Joseph E. Stiglitz (2000), Chapters 1
Richard W. Kopcke, Geoffrey M. B. Tootell, và Robert K. Triest (2006), Chapter 1.
Anthony Saich, The Changing Role of Government, Background Note for the World Bank Report on China's 11th Five Year Plan, August 2004.John W. Thomas and Lim Siong Guan, Using Markets to Govern Better in Singapore, John F. Kennedy School of Government Faculty Research Working Paper RWP02-010 (Cambridge: Kennedy School of Government, August 2001). [Can be accessed for free at: http://www.ksg.harvard.edu
Importance of political factors in determining tax policyTradeoffs among conflicting economic, political, and social policy objectivesCase: Alcohol Excise Tax in Thailand.
*Jonathan Gruber (2011). Chapter 9
*Aswin Techajareonvikul, Liquor Tax Reform in Thailand: Competing Interests and Objectives, KSG Case No. CR14-06-1857.0.
The Economist (1999). "The Grabbing Hand." February 13, 350(8106): 76.DELIVER POLICY MEMO 1 (DUE ON Wed. 27 Feb.): Cancun, Mexico: Water and wastewater privatization, Gustavo Merino-Jarez và Carolina Gutierrez de Taliercio, KSG Case No. 1593.0 and KSG Case Sequel No. 1593.1
Interventions to mitigate market failuresPublic and quasi-public goodsCases: Examples from VietnamRequired Readings:
*Joseph E. Stiglitz (2000). Chapters 6 & 7