An introduction to modern welfare economics / Per-Olov Johansson.

By:

Johansson, Per-Olov, 1949-

Material type: Text

TextPublication details: Cambridge ; New York : Cambridge University Press, 1991.Description: 1 online resource (xii, 176 pages) : illustrationsContent type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

0511002440
9780511002441
9780521356954
0521356954
9780521356169
0521356164
9780511582417
0511582412

Subject(s):

Genre/Form:

Additional physical formats: Print version:: Introduction to modern welfare economics.DDC classification:

330.15/56 20

LOC classification:

HB846 .J64 1991eb

Online resources:

Click here to access online

Contents:

Pareto optimality in a market economy -- The compensation principle and the social welfare function -- Measuring welfare changes -- Market failures, causes and welfare consequences -- Public choice -- A "smorgasbord" of further topics -- How to overcome the problem of preference revelation: practical methodologies -- Cost-benefit analysis -- The treatment of risk.

Summary: 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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Includes bibliographical references (pages 169-172) and index.

Print version record.

English.

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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