Applied Welfare Economics

Applied Welfare Economics
Oxford University Press, USA | ISBN: 0199281971 | 2005-07-14 | File type: PDF | 332 pages | 3 mb
Applied Welfare Economics uses important results in the welfare economics literature to extend a conventional Harberger cost-benefit analysis. After reviewing the properties of different welfare measures a conventional welfare equation is used to evaluate marginal policy changes in a general equilibrium economy with tax distortions. The analysis is extended to accommodate trade and income taxes, time, internationally traded goods, and non-tax distortions, including externalities, non-competitive behaviour, public goods and price quantity controls. The welfare analysis is developed in stages, and where possible is explained using diagrams, to make it more adaptable to the different institutional arrangements encountered in applied work. With this in mind, computable welfare expressions are solved using demand and supply elasticities for each good. The lump-sum transfers used in a conventional analysis to separate welfare effects are carefully examined to identify the role of the marginal social cost of public funds (MCF) in policy evaluation. The main contribution in the book is to separate income effects for marginal policy changes in the shadow value of government revenue, which converts efficiency effects into dollar changes in private surplus. It is a scaling coefficient that makes income effects irrelevant in single (aggregated) consumer economies, and conveniently isolates distributional effects in heterogeneous consumer economies. The decomposition is used to test for Pareto improvements, and to examine the separate but related roles of the shadow value of government revenue and the MCF in applied work.


[Fast Download] Applied Welfare Economics

Related eBooks:
101 Ways To Save Money on Your Tax - Legally! 2018-19
Political Geography : World-Economy, Nation-State and Locality, Seventh Edition
How To Be Your Own Financial Planner in 10 Steps
16 Personal Finance Principles Every Investor Should Know
Twentieth-Century South Africa: A Developmental History
Japanese Outbound Acquisitions: Explaining What Works
China's West Region Development: Domestic Strategies and Global Implications
The Economics Anti-Textbook: A Critical Thinker's Guide to Microeconomics
Valuation and Value Creation of Insurance Intermediaries
Trade Threats, Trade Wars: Bargaining, Retaliation, and American Coercive Diplomacy
New Trends in Finance and Accounting
Family Wealth: Keeping It in the Family, 2nd Edition
Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.