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An Introduction to Modern Welfare Economics / Edition 1
     

An Introduction to Modern Welfare Economics / Edition 1

by Per-Olov Johansson
 

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ISBN-10: 0521356954

ISBN-13: 9780521356954

Pub. Date: 09/28/2003

Publisher: Cambridge University Press

This is the first book on welfare economics to be primarily intended for undergraduates. It explores such concepts as Pareto optimality in a market economy, the compensation criterion, and the social welfare function, and analyzes market failures using different ways of measuring welfare changes. The book covers public choice, and the issues of efficient provision

Overview

This is the first book on welfare economics to be primarily intended for undergraduates. It explores such concepts as Pareto optimality in a market economy, the compensation criterion, and the social welfare function, and analyzes market failures using different ways of measuring welfare changes. The book covers public choice, and the issues of efficient provision of public goods, government failures, and efficient and optimal taxation, concluding with an examination of applied welfare economics, methods for revealing people's preferences, cost-benefit analysis, and project evaluation in a risky world.

Product Details

ISBN-13:
9780521356954
Publisher:
Cambridge University Press
Publication date:
09/28/2003
Edition description:
New Edition
Pages:
192
Product dimensions:
6.26(w) x 8.03(h) x 0.43(d)

Table of Contents

Preface; 1. Introduction; 2. Pareto optimality in a market economy; 3. The compensation principle and the social welfare function; 4. Measuring welfare changes; 5. Market failures - causes and welfare consequences; 6. Public choice; 7. A smorgasbord of further topics; 8. How to overcome the problem of preference revelation: practical methodologies; 9. Cost-benefit analysis; 10. The treatment of risk; Appendix; References.

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