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Economic Welfare: Concepts and Measurement

Edited by John Creedy, The Truby Williams Professor of Economics, University of Melbourne, Australia
In conducting a rational analysis of public policy, it is very important to quantify the extent of costs and benefits to individuals resulting from changes in taxes and the price level. Economists seek to provide a money measure of the changing welfare facing different types of individuals. There has been a great deal of research activity in this central area of economics in recent years.
Two volume set
Extent: 952 pp
Hardback Price: $497.00 Web: $447.30
Publication Date: 1999
ISBN: 978 1 84064 136 3
Availability: In Stock
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In conducting a rational analysis of public policy, it is very important to quantify the extent of costs and benefits to individuals resulting from changes in taxes and the price level. Economists seek to provide a money measure of the changing welfare facing different types of individuals. There has been a great deal of research activity in this central area of economics in recent years.

Economic Welfare: Concepts and Measurement is a two volume collection of the most important previously published papers on economic welfare, supplemented by a lengthy introduction by the editor which defines the basic concepts and places the contributions in context.

Topics covered include: the basic concepts of welfare change and excess burden; approximations and marginal changes; marginal welfare cost and cost of funds; empirical measurement.
56 articles, dating from 1971 to 1997
Contributors: C.L. Ballard, E.K. Browning, A.S. Deaton, D. Fullerton, K. Hayes, J. Kay, D. Larson, D. Madden, H. Mohring, S. Porter-Hudak
Contents: Volume I: Introduction Part I: Concepts of Welfare Change and Excess Burden Part II: Approximations and Marginal Changes Index • Volume II: Part I: Marginal Welfare Cost and Cost of Funds Part II: Empirical Measurement Index