Applied Welfare Economics - Cost-Benefit Analysis of Projects and Policies
- CategoryOther
- TypeE-Books
- LanguageEnglish
- Total size5.1 MB
- Uploaded Byfreecoursewb
- Downloads39
- Last checkedJan. 27th '22
- Date uploadedJan. 25th '22
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Applied Welfare Economics: Cost-Benefit Analysis of Projects and Policies 
https://FreeCourseWeb.com
English | ISBN: 041585833X | 2014 | 438 pages | PDF | 5 MB
What is the effect of a new infrastructure on the well-being of a local community? Is a tax reform desirable? Does the privatization of a telecommunication provider increase social welfare? To answer these questions governments and their policy advisors should have in mind an operative definition of social welfare, and cannot rely on simple official statistics, such as GDP. The price we observe are often misleading as welfare signals, and costs and benefits for the society should be based on ‘shadow prices’, revealing the social opportunity costs of goods and of changes of the world. This book explains how to apply these welfare economics ideas to the real world.
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