Applied Welfare Economics PDF ePub eBook

Books Info:

Applied Welfare Economics free pdf What is the effect of a new infrastructure on the well-being of a local community? Is a tax reform desirable? Does the privatization of a telecommunication provider increase social welfare? To answer these questions governments and their policy advisors should have in mind an operative definition of social welfare, and cannot rely on simple official statistics, such as GDP. The price we observe are often misleading as welfare signals, and costs and benefits for the society should be based on 'shadow prices', revealing the social opportunity costs of goods and of changes of the world. This book explains how to apply these welfare economics ideas to the real world. After a theoretical discussion of the concept of social welfare, a critical analysis of the traditional doctrine of welfare economics embodied in the Two Fundamental Theorems, and a presentation of social cost-benefit analysis, the book introduce the readers to an applied framework. This includes the empirical estimation of shadow prices of goods, of the social cost of labour and capital, the assessment of risk. This book also includes the state of the art of international experience with CBA, including ex-post evaluation of major projects, economic rates of return in different sectors, and a case study on privatisation, is presented. This book offers a unique and original blend of theory, empirics and experience. The theoretical discussion clarifies why shadow prices are not virtual market equilibrium prices, as they arise as the solution of a planning problem, often with governments and economic agents constrained in their information and powers. The empirical chapters show how to compute proxies of the shadow prices in simple ways. The experience chapters draw from first hand research, gained by the Author and his collaborators over many years of advisory work for the European Commission and other international and national institutions.

About Massimo Florio

Massimo Florio is Professor of Public Economics and Jean Monnet Chair "Ad personam" of EU Industrial Policy at the University of Milan, Italy

Details Book

Author : Massimo Florio
Publisher : Routledge
Data Published : 06 February 2014
ISBN : 0415858313
EAN : 9780415858311
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 438 pages
Age + : 15 years
Language : English
Rating :

Reviews Applied Welfare Economics



17 Comments Add a comment




Related eBooks Download


  • Social Work, Social Welfare and American Society free pdfSocial Work, Social Welfare and American Society

    "Social Work. Social Welfare and American Society" provides students with a political perspective on social welfare with definitions of liberal. conservative. and radical positions - in orderto help them better appreciate the political context of social welfare programs..


  • Changing Social Policy free pdfChanging Social Policy

    Outlining the transformation of the discriminatory welfare system under apartheid. this South African study explains the more progressive and developmental social welfare system that has emerged in the post-apartheid era..


  • The Social Work Experience free pdfThe Social Work Experience

    "Learn how social workers use their professional expertise to assist people." This text is part of the Connecting Core Competencies Series. "The Social Work Experience: An Introduction to Social Work and Social Welfare" introduces students to the profession of social work including eight major fields of practice..


  • The Social Work Experience free pdfThe Social Work Experience

    "Learn how social workers use their professional expertise to assist people." This text is part of the Connecting Core Competencies Series. "The Social Work Experience: An Introduction to Social Work and Social Welfare" introduces students to the profession of social work including eight major fields of practice..


  • Australia's Welfare Wars Revisited free pdfAustralia's Welfare Wars Revisited

    This represents a substantial revision of Philip Mendes' successful textbook "Australia's Welfare Wars". in which the author explains - and questions - many of the values and assumptions that underpin contemporary social welfare policies..


  • Applied Welfare Economics free pdfApplied Welfare Economics

    Download Ebooks For Free ePub. What is the effect of a new infrastructure on the well-being of a local community? Is a tax reform desirable? Does the privatization of a telecommunication provider incr