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Marginal Cost in the New Economy: A Proposal for a Uniform Approach to Policy Evaluations : A Proposal for a Uniform Approach to Policy Evaluations - Roger L. Conkling

Marginal Cost in the New Economy: A Proposal for a Uniform Approach to Policy Evaluations

A Proposal for a Uniform Approach to Policy Evaluations

Paperback Published: 5th January 2004
ISBN: 9780765608505
Number Of Pages: 216

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Marginal Cost in the New Economy outlines a bold new approach for resolving a wide variety of public policy debates. It proposes that a single standard - marginal cost methodology - be adopted to replace the haphazard arrays of methods and techniques currently employed to measure the costs and benefits of disputed policy issues. The book's objective is to substitute a single set of harmonious principles for the inconsistent, erratic, and often self-serving approaches to cost-benefit determination currently applied to numerous public issues. The author explains how this methodology would provide an effective starting point for evaluating issues ranging from the relatively simple, such as school vouchers, to the more complex, including prescription drug prices and anti-trust questions. The book also includes a review of the economic requirements of the New Economy as contrasted with traditional microeconomics.

Acknowledgments
Introduction: The Policy Clash
The Challenge to Orthodoxy
Reflections on the Summers Thesis
Marginal Costs and Marginalism: Background and Application
Achieving Economic Efficiency in Regulated Pricing as Framed
School Vouchers: An Illustration of the Methodology
Special Cases: Mixed Issues/Mixed Methodologies
Antitrust
Concluding Thoughts
Appendix: Pre-Kahn Theory (Bergson, Lerner, Ruggles, Bonbright)
Notes
Index
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780765608505
ISBN-10: 0765608502
Series: Economic Policy
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 216
Published: 5th January 2004
Publisher: Taylor & Francis Ltd
Country of Publication: GB
Dimensions (cm): 22.9 x 15.2  x 1.91
Weight (kg): 0.27