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Welfare Economic Foundations [PDF]
, 1979 Our purpose in this book is to provide a normative basis for public utility pricing and investment decisions. Accordingly we begin with a discussion of the welfare economic foundations of public policy decisions. A vast literature1 in welfare economics and cost-benefit analysis underlies these issues, but we aspire here only to a brief overview of the ...
Paul R. Kleindorfer, Michael A. Crew
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1975
Publisher Summary This chapter focuses on welfare economics. Welfare economics can be considered as the normative branch of economics and it attempts at a valuation of the policy goals. It is concerned with the well-being of a group or of society as a whole. It must evaluate the various states in which an economy can be found. Each state would involve
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Publisher Summary This chapter focuses on welfare economics. Welfare economics can be considered as the normative branch of economics and it attempts at a valuation of the policy goals. It is concerned with the well-being of a group or of society as a whole. It must evaluate the various states in which an economy can be found. Each state would involve
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Minerva, 1973
During the last few years there has been a growing concern with the environment in the advanced countries of the world. This concern has provided ammunition for those who have questioned the desirability of further economic growth in these countries and even the feasibility or desirability of economic growth in the less developed countries.
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During the last few years there has been a growing concern with the environment in the advanced countries of the world. This concern has provided ammunition for those who have questioned the desirability of further economic growth in these countries and even the feasibility or desirability of economic growth in the less developed countries.
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The Problem of Economic Welfare [PDF]
, 1954 The standard of living of a population is certainly one of the aspects of its economic situation which intimately affects the problem of immigration. It is not easy, however, to find satisfactory measures of this standard, notwithstanding the recent advances made in this regard by the development of economic analysis. While permitting greater precision,
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Review of Social Economy, 1959
The attempt to specify precisely the criteria to be used by the economist to evaluate economic policy and institutions has led to the development of that specialized branch of analysis known as "welfare economics." Bypassing the problem of interpersonal comparisons of utility by invoking the "compensation principle," welfare economics proceeds to ...
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The attempt to specify precisely the criteria to be used by the economist to evaluate economic policy and institutions has led to the development of that specialized branch of analysis known as "welfare economics." Bypassing the problem of interpersonal comparisons of utility by invoking the "compensation principle," welfare economics proceeds to ...
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2018
For Pareto, now an academic, the economics of welfare represents the logical link between general equilibrium on the one hand and the critique of economic policy on the other. In this chapter, the various phases of the most original element of Pareto’s economic thinking, tracing its origins quite evidently to his liberal activism, will be reconstructed
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For Pareto, now an academic, the economics of welfare represents the logical link between general equilibrium on the one hand and the critique of economic policy on the other. In this chapter, the various phases of the most original element of Pareto’s economic thinking, tracing its origins quite evidently to his liberal activism, will be reconstructed
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Regulation, Advertising, and Economic Welfare
The Journal of Business, 1991A standard portrayal of traditional rate-of-return regulation holds that output price is set equal to long-run average cost.1 Under natural monopoly conditions, such regulation results in a price that exceeds long-run marginal cost and is, therefore, allocatively inefficient.2 Specifically, where the This article explores how the standard analysis of ...
Kaserman, David L, Mayo, John W
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The Restoration of Welfare Economics
American Economic Review, 2011This paper argues that welfare economics should be restored to a prominent place on the agenda of economists, and should occupy a central role in the teaching of economics. Economists should provide justification for the ethical criteria underlying welfare statements, and these criteria require constant re-evaluation in the light of developments in ...
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2003
A Handbook of Cultural Economics includes over 60 eminently readable and concise articles by 50 expert contributors. This unique Handbook is both highly informative and readable; it covers a wide area of cultural economics and its closely related subjects.
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A Handbook of Cultural Economics includes over 60 eminently readable and concise articles by 50 expert contributors. This unique Handbook is both highly informative and readable; it covers a wide area of cultural economics and its closely related subjects.
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