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An Introduction to Modern Welfare Economics - Per-Olov Johansson

An Introduction to Modern Welfare Economics

Paperback Published: 21st October 1991
ISBN: 9780521356954
Number Of Pages: 192

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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.

'An undergraduate student ... would find this a very useful reference ...' The Economic Journal

Preface
Introduction
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
Appendix
References
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521356954
ISBN-10: 0521356954
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 192
Published: 21st October 1991
Publisher: CAMBRIDGE UNIV PR
Country of Publication: GB
Dimensions (cm): 22.45 x 15.49  x 1.27
Weight (kg): 0.3