Welfare Economics and Social Choice Theory PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Welfare Economics and Social Choice Theory PDF full book. Access full book title Welfare Economics and Social Choice Theory by Allan M. Feldman. Download full books in PDF and EPUB format.

Welfare Economics and Social Choice Theory

Welfare Economics and Social Choice Theory PDF Author: Allan M. Feldman
Publisher: Springer Science & Business Media
ISBN: 038729368X
Category : Business & Economics
Languages : en
Pages : 401

Book Description
This book covers the main topics of welfare economics — general equilibrium models of exchange and production, Pareto optimality, un certainty, externalities and public goods — and some of the major topics of social choice theory — compensation criteria, fairness, voting. Arrow's Theorem, and the theory of implementation. The underlying question is this: "Is a particular economic or voting mechanism good or bad for society?" Welfare economics is mainly about whether the market mechanism is good or bad; social choice is largely about whether voting mechanisms, or other more abstract mechanisms, can improve upon the results of the market. This second edition updates the material of the first, written by Allan Feldman. It incorporates new sections to existing first-edition chapters, and it includes several new ones. Chapters 4, 6, 11, 15 and 16 are new, added in this edition. The first edition of the book grew out of an undergraduate welfare economics course at Brown University. The book is intended for the undergraduate student who has some prior familiarity with microeconomics. However, the book is also useful for graduate students and professionals, economists and non-economists, who want an overview of welfare and social choice results unburdened by detail and mathematical complexity. Welfare economics and social choice both probably suffer from ex cessively technical treatments in professional journals and monographs.

Welfare Economics and Second-best Theory

Welfare Economics and Second-best Theory PDF Author: Richard S. Markovits
Publisher:
ISBN: 9783030433611
Category : Electronic books
Languages : en
Pages : 368

Book Description
This book examines the implications of The General Theory of Second Best for analyzing the economic efficiency of non-government conduct or government policies in an economically efficient way. It develops and legitimates an economically efficient economic-efficiency-analysis protocol with three unique characteristics: First, the protocol focuses separately on each of a wide variety of categories of economic inefficiency, many of which conventional analyses ignore. Second, it analyzes the impact of conduct or policies on each of these categories of economic inefficiency, primarily by predicting the respective conducts/policys impact on the distortion that the economys various Pareto imperfections generate in the profits yielded by the resource allocations associated with the individual categories of economic inefficiency--i.e., on the difference between their profitability and economic efficiency. And third, it is third-best--i.e., it instructs the analyst to execute a theoretical or empirical research project if and only if the economic-efficiency gains the project is expected to generate by increasing the accuracy of economic-efficiency conclusions exceed the predicted allocative cost of its execution and public financing. The book also uses the protocol to analyze the economic efficiency of specific policies so as to illustrate both how it differs from the protocols that most applied welfare economists continue to use and how its conclusions differ from those produced by standard analysis.

Welfare Economics of the Second Best

Welfare Economics of the Second Best PDF Author: Christian Seidl
Publisher: Springer Verlag Wien
ISBN: 9783211819425
Category : Business & Economics
Languages : en
Pages : 280

Book Description


Household and Economy

Household and Economy PDF Author: Marc Nerlove
Publisher: Academic Press
ISBN: 1483274683
Category : Business & Economics
Languages : en
Pages : 174

Book Description
Household and Economy: Welfare Economics of Endogenous Fertility deals with welfare economics and the socially optimal population size, as well as the social consequences of individual choice with respect to family size within each generation. The general equilibrium implications of endogenous fertility for a number of issues of population policy are discussed. In addition to their own consumption, the number of children and the utility of each child is assumed to enter the utility function of the parents. Comprised of 10 chapters, this volume begins with a review of social welfare criteria for optimal population size and the static theory of optimal population size, optimal population growth with exogenous fertility, and the theory of endogenous fertility. The reader is then introduced to the basic principles of welfare economics and the economics of externalities, followed by a summary of the traditional theory of household behavior. Subsequent chapters focus on optimal population size according to various social welfare criteria; real and potential externalities generated by the endogeneity of fertility; and the principal alternative reason for having children: to transfer resources from the present to support the future consumption of parents in old age. The book concludes by assessing the implications of endogenous fertility for within-generation income distribution policies and reflecting on the directions in which future research may be fruitful. This monograph will be of value to economists, social scientists, students of welfare economics, and those who wish to understand the contribution of economic analysis to an improved understanding of population policy.

Welfare Economics in Theory and Practice

Welfare Economics in Theory and Practice PDF Author: Catherine M. Price
Publisher: London [etc.] : Macmillan
ISBN:
Category : Finance, Public
Languages : en
Pages : 192

Book Description


Welfare Economics

Welfare Economics PDF Author: Bhaskar Dutta
Publisher: Oxford University Press, USA
ISBN:
Category : Welfare economics
Languages : en
Pages : 276

Book Description
This is the first of a series of books devoted to economic analysis relating to problems of the Indian economy. The introduction surveys the landmark contributions in the field and the essays focus on some of the issues relating to the fundamental theorems and their implications for public policy.

Welfare Economics

Welfare Economics PDF Author: Roger A. McCain
Publisher: Routledge
ISBN: 1134864450
Category : Business & Economics
Languages : en
Pages : 340

Book Description
Although it was an important specialization in economics in the mid-twentieth century, welfare economics has received less attention in the twenty-first century. This book explores the history of welfare economics, with a view to explaining its rise and subsequent decline. Drawing on both philosophy and economics, this book offers a new and original perspective on the history of welfare economics, starting with Pigou and charting the trajectory of applied and theoretical welfare economics throughout the twentieth century. This book will be of interest to students and researchers of philosophy, economics and history of economic thought.

Five Theories of Welfare Economics. An Evaluation

Five Theories of Welfare Economics. An Evaluation PDF Author: IRSHAD CV
Publisher:
ISBN: 9783668297357
Category :
Languages : en
Pages : 20

Book Description
Seminar paper from the year 2016 in the subject Economy - Health Economics, language: English, abstract: This is a collective analysis of five major economic theories of welfare. Here each of the theories is explained separately in a brief manner. The diagrammatic representation is also used here to understand the concepts easily. Further an evaluation of each theory has also been provided along with the discussion. This note includes the following five welfare economic theories. 1)Pareto Optimality; 2)Kaldor-Hicks Compensation Criterion; 3)Social Welfare Function of Bergson and Samuelsson; 4)Scitovisky Criterion; and 5)Amartya Sen's Theory of Welfare.

Welfare Economics and Second-Best Theory

Welfare Economics and Second-Best Theory PDF Author: Richard S. Markovits
Publisher: Springer Nature
ISBN: 3030433609
Category : Business & Economics
Languages : en
Pages : 368

Book Description
This book examines the implications of The General Theory of Second Best for analyzing the economic efficiency of non-government conduct or government policies in an economically efficient way. It develops and legitimates an economically efficient economic-efficiency-analysis protocol with three unique characteristics: First, the protocol focuses separately on each of a wide variety of categories of economic inefficiency, many of which conventional analyses ignore. Second, it analyzes the impact of conduct or policies on each of these categories of economic inefficiency, primarily by predicting the respective conduct’s/policy’s impact on the distortion that the economy’s various Pareto imperfections generate in the profits yielded by the resource allocations associated with the individual categories of economic inefficiency—i.e., on the difference between their profitability and economic efficiency. And third, it is third-best—i.e., it instructs the analyst to execute a theoretical or empirical research project if and only if the economic-efficiency gains the project is expected to generate by increasing the accuracy of economic-efficiency conclusions exceed the predicted allocative cost of its execution and public financing. The book also uses the protocol to analyze the economic efficiency of specific policies so as to illustrate both how it differs from the protocols that most applied welfare economists continue to use and how its conclusions differ from those produced by standard analysis.

Welfare Economics

Welfare Economics PDF Author: Y. Ng
Publisher: Springer
ISBN: 1403944067
Category : Business & Economics
Languages : en
Pages : 355

Book Description
Yew-Kwang Ng looks to make welfare economics more complete by discussing the recent inframarginal analysis of division of labour and by pushing welfare economics from the level of preference to that of happiness, making a reformulation of the foundation of public policy necessary. A theory of the third best is provided, with extension to the equality/efficiency issue. The remarkable conclusion of treating a dollar as a dollar provides a powerful simplification of public policy formulation in general and in cost-benefit analysis in particular.

Economic Theory of Public Enterprise

Economic Theory of Public Enterprise PDF Author: D. Bös
Publisher: Springer Science & Business Media
ISBN: 3642455239
Category : Business & Economics
Languages : en
Pages : 153

Book Description