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An Introduction to Modern Welfare Economics

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  • Johansson,Per-Olov
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    Abstract

    This is the first book in welfare economics to be primarily intended for undergraduates and non-specialists. Concepts such as Pareto optimality in a market economy, the compensation criterion, and the social welfare function are explored in detail. Market failures are analysed by using different ways of measuring welfare changes. The book also examines public choice, and the issues of provision of public goods, median voter equilibrium, government failures, efficient and optimal taxation, and intergenerational equity. The three final chapters are devoted to applied welfare economics: methods for revealing people's preferences, cost-benefit analysis, and project evaluation in a risky world. The book is intended for introductory and intermediate courses in welfare economics, microeconomics, and public economics. It will also be suitable for courses in health economics, environmental economics, and cost-benefit analysis, as well as those undertaking project evaluations in government agencies and private firms.

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    Bibliographic Info

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    This book is provided by Cambridge University Press in its series Cambridge Books with number 9780521356954 and published in 1991.

    Order: http://www.cambridge.org/uk/catalogue/catalogue.asp?isbn=9780521356954
    Handle: RePEc:cup:cbooks:9780521356954

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    Web page: http://www.cambridge.org

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    Cited by:
    1. Fæhn, Taran & Gómez-Plana, Antonio G. & Kverndokk, Snorre, 2005. "Can a carbon permit system reduce Spanish unemployment?," Memorandum 26/2004, Oslo University, Department of Economics.
    2. Clarke, Matthew & Islam, Sardar M. N., 2003. "Measuring social welfare: application of social choice theory," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 32(1), pages 1-15, March.
    3. Mawire, Banarbas, 2008. "Biofuels and Economic Welfare: A cost-benefit analysis of Jatropha schemes in Zimbabwe," IEE Working Papers 186, Institut fuer Entwicklungsforschung und Entwicklungspolitik, Ruhr-Universitaet Bochum.
    4. Jianyi Huang & Yi Liu & Li Ma & Fei Su, 2013. "Methodology for the assessment and classification of regional vulnerability to natural hazards in China: the application of a DEA model," Natural Hazards, International Society for the Prevention and Mitigation of Natural Hazards, vol. 65(1), pages 115-134, January.
    5. Hougner, Cajsa & Colding, Johan & Soderqvist, Tore, 2006. "Economic valuation of a seed dispersal service in the Stockholm National Urban Park, Sweden," Ecological Economics, Elsevier, vol. 59(3), pages 364-374, September.
    6. Per-Olov Johansson, 1992. "Altruism in cost-benefit analysis," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 2(6), pages 605-613, November.
    7. Zendehdel, Kamran & Rademaker, Michael & De Baets, Bernard & Van Huylenbroeck, Guido, 2008. "Qualitative valuation of environmental criteria through a group consensus based on stochastic dominance," Ecological Economics, Elsevier, vol. 67(2), pages 253-264, September.
    8. Verhoef Erik T., 1997. "Externalities," Serie Research Memoranda 0031, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    9. Buckingham, K. & Devlin, N. & Tabberer, M., 2004. "A theoretical framework for TTO valuations and a taxonomy of TTO approaches: results from a pilot study," Working Papers 04/07, Department of Economics, City University London.

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