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020 _a0199281971
_qcased
020 _a9780199281978
_qcased
035 _a(ATU)b1102155x
035 _a(DLC) 2004028392
035 _a(OCoLC)57193208
040 _aDLC
_beng
_erda
_dATU
042 _apcc
050 0 0 _aHB846
_b.J66 2005
082 0 0 _a330.1556
_222
100 1 _aJones, Chris,
_d1953-
_eauthor.
_9423237
245 1 0 _aApplied welfare economics /
_cChris Jones.
264 1 _aOxford ;
_aNew York :
_bOxford University Press,
_c2005.
300 _axxiv, 308 pages :
_billustrations ;
_c24 cm
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
504 _aIncludes bibliographical references (pages 295-301) and index.
505 0 0 _g1.
_tMeasuring welfare changes - a brief overview --
_g2.
_tConventional shadow prices --
_g3.
_tDistributional effects --
_g4.
_tNon-tax distortions in markets --
_g5.
_tInternational trade --
_g6.
_tRevised shadow prices --
_g7.
_tThe marginal social cost of public funds --
_g8.
_tTime and the social discount rate --
_g9.
_tOptimal commodity taxation --
_g10.
_tThe optimal provision of public goods --
_g11.
_tProblems.
520 1 _a"Applied Welfare Economics uses important results in the welfare economics literature to extend a conventional Harberger cost-benefit analysis. After reviewing the properties of different welfare measures, a conventional welfare equation is used to evaluate marginal policy changes in a general equilibrium economy with tax distortions. The analysis is extended to accommodate trade and income taxes, time, internationally traded goods, and non-tax distortions, including externalities, non-competitive behaviour, public goods and price quantity controls. The welfare analysis is developed in stages, and where possible is explained using diagrams, to make it more adaptable to the different institutional arrangements encountered in applied work. With this in mind, computable welfare expressions are solved using demand and supply elasticities for each good. The lump-sum transfers used in a conventional analysis to separate welfare effects are carefully examined to identify the role of the marginal social cost of public funds (MCF) in policy evaluation." "The main contribution in the book is to separate income effects for marginal policy changes in the shadow value of government revenue, which converts efficiency effects into dollar changes in private surplus. It is a scaling coefficient that makes income effects irrelevant in single (aggregated) consumer economies, and conveniently isolates distributional effects in heterogeneous consumer economies. The decomposition is used to test for Pareto improvements, and to examine the separate but related roles of the shadow value of government revenue and the MCF in applied work."--BOOK JACKET.
588 _aMachine converted from AACR2 source record.
650 0 _aWelfare economics
_9325806
650 0 _aEconomic policy.
_9316961
907 _a.b1102155x
_b20-03-18
_c27-10-15
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