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Author : Peter Randall Hamilton
Publisher : Unknown
Page : 214 pages
File Size : 45,8 Mb
Release : 1985
Category : Electronic
ISBN : MINN:31951001291568E
Author : Richard E. Just,Darrell L. Hueth,Andrew Schmitz
Publisher : Prentice Hall
Page : 520 pages
File Size : 40,5 Mb
Release : 1982
Category : Business & Economics
ISBN : UOM:39015012414499
Author : Chris Jones
Publisher : Unknown
Page : 308 pages
File Size : 52,9 Mb
Release : 2005
Category : Economic policy
ISBN : OCLC:767811476
'Applied Welfare Economics' extends a cost-benefit analysis by using important results in welfare economics. Formal analysis is explained using diagrams to make it more adaptable to the different institutional arrangements encountered in applied work.
Author : G. Cornelis van Kooten
Publisher : University of Toronto Press
Page : 327 pages
File Size : 47,7 Mb
Release : 2021
Category : Agriculture
ISBN : 9781487524098
This textbook integrates three related fields in economics, namely agricultural/forestry economics, environmental economics, and international trade, by foregrounding cost-benefit analysis as a significant policy tool. Exploring how welfare measures can be used in the analysis of agricultural, trade, and other economic policies, Applied Welfare Economics, Trade, and Agricultural Policy Analysis fills a gap in the literature on agricultural policy analysis by explaining the economic efficiency improvements and income transfers of various agricultural policy reforms in the United States, Canada, and the European Union. G. Cornelis van Kooten addresses methods of identifying and measuring economic surpluses (costs and benefits), the precautionary principle, identification of an appropriate discount rate, the importance of non-market values, and the role of agriculture in trade negotiations and climate change. Applied Welfare Economics, Trade, and Agricultural Policy Analysis draws on new research, brings attention to the existing literature, and includes review questions that challenge programming skills. The techniques developed in this text can be applied to the development and reform of agricultural policies in various regions in response to trade negotiations and many other situations involving government policy.
Author : Richard E. Just,Darrell L. Hueth,Andrew Schmitz
Publisher : Edward Elgar Publishing
Page : 808 pages
File Size : 53,8 Mb
Release : 2008
Category : Business & Economics
ISBN : IND:30000123127833
Presents the key works that serve as a basis for applied welfare economic practices, the major papers that develop the methodology of applied economic welfare measurement and some of the exemplary applications in the fields of welfare work. This book is designed to provide students and scholars with a source useful in applied welfare economics.
Author : Massimo Florio
Publisher : Unknown
Page : 412 pages
File Size : 55,7 Mb
Release : 2014
Category : Business & Economics
ISBN : 041585833X
What is the effect of a new infrastructure on the well-being of a local community? Is a tax reform desirable? Does the privatization of a telecommunication provider increase social welfare? To answer these questions governments and their policy advisors should have in mind an operative definition of social welfare, and cannot rely on simple official statistics, such as GDP. The price we observe are often misleading as welfare signals, and costs and benefits for the society should be based on 'shadow prices', revealing the social opportunity costs of goods and of changes of the world. This book explains how to apply these welfare economics ideas to the real world. After a theoretical discussion of the concept of social welfare, a critical analysis of the traditional doctrine of welfare economics embodied in the Two Fundamental Theorems, and a presentation of social cost-benefit analysis, the book introduce the readers to an applied framework. This includes the empirical estimation of shadow prices of goods, of the social cost of labour and capital, the assessment of risk. This book also includes the state of the art of international experience with CBA, including ex-post evaluation of major projects, economic rates of return in different sectors, and a case study on privatisation, is presented. This book offers a unique and original blend of theory, empirics and experience. The theoretical discussion clarifies why shadow prices are not virtual market equilibrium prices, as they arise as the solution of a planning problem, often with governments and economic agents constrained in their information and powers. The empirical chapters show how to compute proxies of the shadow prices in simple ways. The experience chapters draw from first hand research, gained by the Author and his collaborators over many years of advisory work for the European Commission and other international and national institutions.
Author : Robert J. Brent
Publisher : Edward Elgar Pub
Page : 336 pages
File Size : 43,7 Mb
Release : 1996
Category : Business & Economics
ISBN : 185898338X
'The author succeeds in bringing together many interesting real-life applications of CBA in various areas (including among others health, environment and transportation). the examples are well chosen to illustrate the basis issues and show clearly the crucial importance of theoretical and methodological assumptions. Moreover, they are presented in an accessible and attracted way. for those who know already the principles of CBA, these applications are stimulating and enjoyable reading.' - Erik Schokkaert, Tijdschrift voor Economie en Management 'An excellent book. the author assumes nothing more than a knowledge of introductory microeconomics yet takes the reader in an accessible way, to the frontiers of many developments in this area of policy analysis. I am sure that it will be widely adopted as a text on a wide range of courses.' - Richard R. Barnett, University of Ulster, UK Applied Cost-Benefit Analysis emphasizes the usefulness of the theory of CBA as a practical guide to social decision-making. Robert J. Brent offers a synthesis and extension of welfare economics before showing how the basic tenets of CBA can be successfully applied in a series of case studies. Each of these studies relates to an important and concrete public policy issue analysed using real data. the discussion of these specific applications shows the relevance of the theory in a wide range of different institutional structures, government expenditure categories in both developed and developing countries.
Author : G. Cornelis van Kooten
Publisher : University of Toronto Press
Page : 327 pages
File Size : 43,6 Mb
Release : 2021-10-01
Category : Business & Economics
ISBN : 9781487533243
This textbook integrates three related fields in economics, namely agricultural/forestry economics, environmental economics, and international trade, by foregrounding cost-benefit analysis as a significant policy tool. Exploring how welfare measures can be used in the analysis of agricultural, trade, and other economic policies, Applied Welfare Economics, Trade, and Agricultural Policy Analysis fills a gap in the literature on agricultural policy analysis by explaining the economic efficiency improvements and income transfers of various agricultural policy reforms in the United States, Canada, and the European Union. G. Cornelis van Kooten addresses methods of identifying and measuring economic surpluses (costs and benefits), the precautionary principle, identification of an appropriate discount rate, the importance of nonmarket values, and the role of agriculture in trade negotiations and climate change. Applied Welfare Economics, Trade, and Agricultural Policy Analysis draws on new research, brings attention to the existing literature, and includes review questions at the end of each chapter. The techniques developed in this text can be applied to the development and reform of agricultural policies in various regions.
Author : J. de V. Graaff
Publisher : Cambridge University Press
Page : 196 pages
File Size : 54,6 Mb
Release : 1968-02-02
Category : Political Science
ISBN : 0521051282
Author : Massimo Florio,Chiara Pancotti
Publisher : Routledge
Page : 0 pages
File Size : 42,6 Mb
Release : 2022-08
Category : Business & Economics
ISBN : 1003191371
Applied Welfare Economics: Cost-Benefit Analysis for Project and Policy Evaluation presents a consistent framework for applied welfare economics and is grounded in a comprehensive theory of cost-benefit analysis, specifically focused on offering a practical approach to policy and project evaluation. After opening with a theoretical discussion of the concept of social welfare, a critical analysis of the traditional doctrine of welfare economics embodied in the Two Fundamental Theorems, and a presentation of social cost-benefit analysis, the book introduces readers to an applied framework. This includes the empirical estimation of shadow prices of goods, the social cost of labour and capital, and the assessment of risk. The book also examines real-life experiences with cost-benefit analysis, including ex-post evaluation of major projects, economic rates of return in different sectors, and a case study on privatisation. These chapters draw on first-hand research gained by the author team from years of advisory work for the European Commission and other international and national institutions. This second edition presents updated data, more international examples, and more coverage of topics such as very long run discounting effects and climate change as an intergenerational effect. It also includes more practical examples and end-of-chapter questions to aid student's learning. Applied Welfare Economics is a valuable textbook for upper-level courses on welfare economics, cost-benefit analysis, public policy analysis and related areas.
Author : Massimo Florio,Chiara Pancotti
Publisher : Taylor & Francis
Page : 350 pages
File Size : 50,6 Mb
Release : 2022-08-30
Category : Business & Economics
ISBN : 9781000633177
Applied Welfare Economics: Cost-Benefit Analysis for Project and Policy Evaluation presents a consistent framework for applied welfare economics and is grounded in a comprehensive theory of cost-benefit analysis, specifically focused on offering a practical approach to policy and project evaluation. After opening with a theoretical discussion of the concept of social welfare, a critical analysis of the traditional doctrine of welfare economics embodied in the Two Fundamental Theorems, and a presentation of social cost-benefit analysis, the book introduces readers to an applied framework. This includes the empirical estimation of shadow prices of goods, the social cost of labour and capital, and the assessment of risk. The book also examines real-life experiences with cost-benefit analysis, including ex-post evaluation of major projects, economic rates of return in different sectors, and a case study on privatisation. These chapters draw on first-hand research gained by the author team from years of advisory work for the European Commission and other international and national institutions. This second edition presents updated data, more international examples, and more coverage of topics such as very long run discounting effects and climate change as an intergenerational effect. It also includes more practical examples and end-of-chapter questions to aid student’s learning. Applied Welfare Economics is a valuable textbook for upper-level courses on welfare economics, cost-benefit analysis, public policy analysis and related areas.
Author : V. Kerry Smith
Publisher : Routledge
Page : 294 pages
File Size : 43,9 Mb
Release : 2015-06-18
Category : Business & Economics
ISBN : 9781317388180
This book, first published in 1988, provides an overview of the diverse work that was being done in applied and theoretical environmental and resource economics. Some essays reflect upon the background of the work of John Krutilla, one of the founders of Resources for the Future and a leading scholar of environmental economics, and the development of the field to date. Other essays examine and convey findings on particular resource problems and theoretical issues and resource policies and the practice of applied welfare economics. This title will be of interest to students of economics and environmental studies.
Author : Joaquim Silvestre
Publisher : Edward Elgar Publishing
Page : 210 pages
File Size : 49,8 Mb
Release : 2012-01-01
Category : Political Science
ISBN : 9780857932082
This book contains a concise, simple, yet precise discussion of externalities, public goods and insurance. Rooted in the first fundamental theorem of welfare economics and in noncooperative equilibrium, it employs elementary calculus. The book presents established theory in novel ways, and offers the tools for the application of the social welfare criteria of efficiency and equity to environmental economics, networks, bargaining, political economy, and the pricing of public goods and public utilities. This innovative, user-friendly textbook will be of use over a broad range of disciplines. The applications found here include international global-warming issues (North vs. South model), and bargaining over externalities (Coase's theorem). This text also introduces the Wicksell-Lindahl model in its original form, which depicts the parliamentary negotiation between representative parties and provides an effective introduction to political economy. Later, these ideas are applied to the pricing of an excludable public good, revealing the theoretical connection between public utility pricing and the pricing of excludable public goods. The text integrates three forms of discourse: verbal, graphical, and formal. Elementary calculus is frequently used, allowing for clarity and precision; qualities that are often missing in conventional textbooks. The main text considers a finite number of consumers and appendices cover the continuum mathematical model, which is implicit in the references to the 'marginal consumer' found in traditional texts. The analysis found in Public Microeconomics is simple and operational, conducive to computationally easy examples and exercises. This textbook is ideally suited to graduate and upper-level undergraduate courses in economics, political science, policy and philosophy.
Author : R. F. Boadway,Bruce Niel
Publisher : Wiley-Blackwell
Page : 356 pages
File Size : 40,6 Mb
Release : 1991-01-08
Category : Business & Economics
ISBN : 0631133275
This clear and balanced introduction to welfare economics reflects the most recent advances in the field. Designed for third-year undergraduate and graduate courses, it offers an extensive treatment of both the theory of welfare economics and the techniques for applying that theory to real problems. The first part of the book presents a synthesis of the theory. Starting from the premise that the purpose of theory is to provide criteria for ordering alternative economic states, the authors analyse the relationship between individual and social orderings. They discuss the conditions of Pareto efficiency and optimality as well as the ways in which market economies may fail to achieve a Pareto optimal allocation of resources. They go on to evaluate the theory of social welfare functions, paying particular attention to recent developments. The second part of the book considers the principles of applied welfare economics. Developing the use of the compensating variation as their main tool, the authors discuss welfare change measurement in single-person and many-person economies. In the final chapter they survey the recent literature on cost-benefit analysis.
Author : Richard S. Markovits
Publisher : Springer Nature
Page : 368 pages
File Size : 49,7 Mb
Release : 2020-05-30
Category : Business & Economics
ISBN : 9783030433604
This book examines the implications of The General Theory of Second Best for analyzing the economic efficiency of non-government conduct or government policies in an economically efficient way. It develops and legitimates an economically efficient economic-efficiency-analysis protocol with three unique characteristics: First, the protocol focuses separately on each of a wide variety of categories of economic inefficiency, many of which conventional analyses ignore. Second, it analyzes the impact of conduct or policies on each of these categories of economic inefficiency, primarily by predicting the respective conduct’s/policy’s impact on the distortion that the economy’s various Pareto imperfections generate in the profits yielded by the resource allocations associated with the individual categories of economic inefficiency—i.e., on the difference between their profitability and economic efficiency. And third, it is third-best—i.e., it instructs the analyst to execute a theoretical or empirical research project if and only if the economic-efficiency gains the project is expected to generate by increasing the accuracy of economic-efficiency conclusions exceed the predicted allocative cost of its execution and public financing. The book also uses the protocol to analyze the economic efficiency of specific policies so as to illustrate both how it differs from the protocols that most applied welfare economists continue to use and how its conclusions differ from those produced by standard analysis.