Measuring Economic Welfare: New Methods

Measuring Economic Welfare: New Methods

by George W. McKenzie, McKenzie George W.
     
 

Professor McKenzie proposes and formulates a new method composed of operational procedures designed to facilitate the evaluation of economic projects and policies. See more details below

Overview

Professor McKenzie proposes and formulates a new method composed of operational procedures designed to facilitate the evaluation of economic projects and policies.

Product Details

ISBN-13:
9780521248624
Publisher:
Cambridge University Press
Publication date:
01/28/2004
Pages:
200
Product dimensions:
5.98(w) x 8.98(h) x 0.63(d)

Table of Contents

Preface; 1. An introduction to the money-metric; 2. The marginal utility of money as an integrating factor; 3. Calculation of the money-metric; 4. The approach of Dupuit and Marshall; 5. The Hicksian approach; 6. Approximations based on consumer surplus; 7. A reconsideration of the theory of index numbers; 8. The money-metric as a basis for calculation of social welfare functions; 9. Measurement of the social costs of monopoly; 10. A final comment and conclusion; References; Index.

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