Based on its outward-oriented development strategy, respectable growth, increased integration into world trade and financial markets, and imperfect though vibrant and wide-based democracy, Turkey is often cited as a development model for other countries in the region and elsewhere. Countering...

Introduction -- Efficiency norm: pareto optimality -- Economic efficiency and the market mechanism -- Economic efficiency and public goods -- Economic efficiency in the presence of externalities -- Collective decision making -- Principles of cost-benefit analysis -- Allocational effects of...