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Cost Uncertainty And Welfare


Cost Uncertainty And Welfare
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Cost Uncertainty And Welfare


Cost Uncertainty And Welfare
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Author : Stephan John Nash
language : en
Publisher: Routledge
Release Date : 2018-12-17

Cost Uncertainty And Welfare written by Stephan John Nash and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-17 with Social Science categories.


First published in 1998. This work contributes to the discussion of Knight by showing that uncertainty broadens the conception of economic welfare, and that a new cost analysis holds the key to unlocking the Knightian corpus. It develops Knight's suggestion that uncertainty-control costs can be reduced - arguing that the large firm enjoys economic rent from utilizing its dominant vantage point in the market. The author demonstrates that while Knight provides the intellectual stimulus which propelled Chamberlin's thesis of monopolistic competition, Chamberlin uses a very abstract form of uncertainty in his analysis.



Cost Uncertainty And Welfare


Cost Uncertainty And Welfare
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Author : Stephan John Nash
language : en
Publisher: Routledge
Release Date : 2020-04-02

Cost Uncertainty And Welfare written by Stephan John Nash and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-02 with categories.


First published in 1998. This work contributes to the discussion of Knight by showing that uncertainty broadens the conception of economic welfare, and that a new cost analysis holds the key to unlocking the Knightian corpus. It develops Knight's suggestion that uncertainty-control costs can be reduced - arguing that the large firm enjoys economic rent from utilizing its dominant vantage point in the market. The author demonstrates that while Knight provides the intellectual stimulus which propelled Chamberlin's thesis of monopolistic competition, Chamberlin uses a very abstract form of uncertainty in his analysis.



Introduction To Cost Benefit Analysis


Introduction To Cost Benefit Analysis
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Author : Ginés de Rus
language : en
Publisher: Edward Elgar Publishing
Release Date : 2021-03-26

Introduction To Cost Benefit Analysis written by Ginés de Rus and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-26 with Business & Economics categories.


This thoroughly updated second edition incorporates key ideas and discussions on issues such as wider economic impacts, the treatment of risk, and the importance of institutional arrangements in ensuring the correct use of technique. Ginés de Rus considers whether public decisions, such as investing in high-speed rail links, privatizing a public enterprise or protecting a natural area, may improve social welfare.



The Welfare Cost Of Income Uncertainty


The Welfare Cost Of Income Uncertainty
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Author : Edward J. Bird
language : en
Publisher:
Release Date : 1993

The Welfare Cost Of Income Uncertainty written by Edward J. Bird and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Economic assistance, Domestic categories.




Consumption Smoothing And The Welfare Cost Of Uncertainty


Consumption Smoothing And The Welfare Cost Of Uncertainty
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Author : Yonas Alem
language : en
Publisher:
Release Date : 2015

Consumption Smoothing And The Welfare Cost Of Uncertainty written by Yonas Alem and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.




The Welfare Economics Of Public Policy


The Welfare Economics Of Public Policy
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Author : Richard E. Just
language : en
Publisher: Edward Elgar Publishing
Release Date : 2005-01-01

The Welfare Economics Of Public Policy written by Richard E. Just and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-01 with Political Science categories.


The Welfare Economics of Public Policy is a great book that should be of interest to all economists interested in applied welfare analysis. It is a good reference book for economists studying the effects of public policy. Finally, it should be a useful textbook for students studying economic policy and applied welfare economics. Jean-Paul Chavas, American Journal of Agricultural Economics . . . a very comprehensive overview of the state of the art in welfare economics. It can be used as a teaching book for advanced students as well as a reference volume for researchers. This duality of possible uses is supported by the fact that very complex issues are presented in an easily readable manner. More technical aspects are then outlined in the appendices of the relevant chapters, offering colleagues the option to study formal considerations in more detail. . . a welcome addition to and expression of the knowledge base of agricultural economics. Stefan Mann, Journal of Agricultural Economics I am absolutely delighted that the authors have revised and republished this text. I have used the previous version for years in my graduate environmental economics course; usually I had to share the one copy I have with students and I felt it was a shame that these students did not have the opportunity to purchase the book since every serious environmental economist should have this volume on their shelf. It has been a continuous reference volume for me over the years and I am sure this is true of many others in the discipline. In the field of applied welfare analysis (spanning environmental economics, international trade, agricultural policy, etc.) there is no need for further elaboration when Just, Hueth and Schmitz is referenced. Everyone knows the book that is being referred to: the bible of applied welfare economics. Catherine Kling, Iowa State University, US For the record, I am one of the people who requested that the authors revise and re-issue their textbook. It is an extremely valuable book for applied economists; as with the previous edition, I will use it extensively in two of my courses and consult it frequently in my own research endeavors. Richard Adams, Oregon State University, US The original book is very well known in our profession and is still used in many classes. It will be wonderful to have a revised edition of this classic book. Colin Carter, University of California, Davis, US This outstanding text, a follow-up to the authors award-winning 1982 text, provides a thorough treatment of economic welfare theory and develops a complete theoretical and empirical framework for applied project and policy evaluation. The authors illustrate how this theory can be used to develop policy analysis from both theory and estimation in a variety of areas including: international trade, the economics of technological change, agricultural economics, the economics of information, environmental economics, and the economics of extractive and renewable natural resources. Building on willingness-to-pay (WTP) measures as the foundation for applied welfare economics, the authors develop measures for firms and households where households are viewed as both consumers and owner/sellers of resources. Possibilities are presented for (1) approximating WTP with consumer surplus, (2) measuring WTP exactly subject to errors in existing econometric work, and (3) using duality theory to specify econometric equations consistent with theory. Later chapters cover specific areas of welfare measurement under imperfect competition, uncertainty, incomplete information, externalities, and dynamic considerations. Applications are considered explicitly for policy issues related to information, international trade, the environment, agriculture, and other natural resource issues. The Welfare Economics of Public Policy is ideal for graduate and undergraduate courses in applied welfare economics, public policy, agricultural policy, and environmental economi



Uncertainty Macroeconomic Stability And The Welfare State


Uncertainty Macroeconomic Stability And The Welfare State
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Author : Sven R Larson
language : en
Publisher: Routledge
Release Date : 2019-01-15

Uncertainty Macroeconomic Stability And The Welfare State written by Sven R Larson and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-15 with Social Science categories.


This title was first published in 2002: This monograph sets out to model a macroeconomy that is inherently unstable because of qualitative - or Keynesian - uncertainty. By modelling a macroeconomic theory, this approach to fixed or sticky prices also investigates the link between uncertainty, sticky prices, and macro-stability - by suggesting that such prices improve economic activity rather than impeding it.



Cost Benefit Analysis


Cost Benefit Analysis
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Author : Euston Quah
language : en
Publisher: Routledge
Release Date : 2007-05-07

Cost Benefit Analysis written by Euston Quah and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-05-07 with Business & Economics categories.


Should Malaysia build a new steel mill, or New York City an urban motorway? Should higher education expand, or water supplies be improved? These are typical questions to which cost-benefit analysis, the key economic tool for analyzing problems of social choice can contribute to, as well as providing a useful vehicle for understanding the practical value of welfare economics. This invaluable text covers the main problems that arise in a typical cost-benefit exercise. Cost-benefit analysis is used everywhere, but its techniques are particularly prominent in fields where there is some kind of ethical dimension. For this edition, E.J. Mishan has been joined by Euston Quah, to explore new themes, including the impact of uncertainty on cost-benefit analysis and to introduce a host of new and up-to-date case studies.



Cost Choice And Political Economy


Cost Choice And Political Economy
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Author : Jack Wiseman
language : en
Publisher:
Release Date : 1989

Cost Choice And Political Economy written by Jack Wiseman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Business & Economics categories.


This book presents in one volume Professor Wiseman's seminal work on the theory of costs and the economist's treatment of the role of government. The major themes concern the subjectivity of costs and the unknowability of the future. From an initial scepticism about pricing rules, the arguments develop into a comprehensive critique of mainstream economic theory and, more positively, an exposition of the fundamentals of a new political economy grounded in choice-as-opportunity-cost.



The Rate And Direction Of Inventive Activity


The Rate And Direction Of Inventive Activity
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Author : National Bureau of Economic Research
language : en
Publisher: Princeton University Press
Release Date : 2015-12-08

The Rate And Direction Of Inventive Activity written by National Bureau of Economic Research and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-08 with Political Science categories.


The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in specific industrial laboratories. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.