Regulation Living Cost And Economic Welfare
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Regulation Living Cost And Economic Welfare
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Author : Kaku Furuya
language : en
Publisher:
Release Date : 2000
Regulation Living Cost And Economic Welfare written by Kaku Furuya and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
Costs And Benefits Of Regulation
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Author : Luis J. Guasch
language : en
Publisher:
Release Date : 1999
Costs And Benefits Of Regulation written by Luis J. Guasch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
June 1997 This paper examines the economic impact of regulation in industrial and developing countries. It argues that economic analysis can play an important role in restructuring regulated industries and developing more effective regulations, and in reducing politically driven regulation and capture. The past two decades have seen an unparalleled rise in new health, safety, and environmental regulations in industrial countries. At the same time, in some countries there has been substantial economic deregulation of several industries (including airlines, railroads, trucking, energy, telecommunications, and financialmarkets). Developing countries are engaged in deregulating some sectors of the economy and devising new regulatory frameworks for others. After reviewing the literature, Guasch and Hahn provide an overview of the costs and benefits of regulation throughout the world, highlight the potential gains from reform of regulation and deregulation in both industrial and developing countries, draw lessons from experience with government regulation, and suggest how to improve regulation in developing countries. They find that it is possible to explore systematically the costs and benefits of regulatory activities using standard economic analysis. They conclude that regulation - especially regulation aimed at controlling prices and entry into markets that would otherwise be workably competitive - can limit growth and significantly reduce economic welfare. Although unnecessary process regulation can hurt the economy, social regulations may significantly benefit the average consumer. But some regulations do not meet goals effectively and may sometimes reduce living standards. Developing countries can consider several regulatory policies, tools, and frameworks to improve their approach to regulation. What they choose will depend on available administrative expertise and resources, as well as political constraints and economic impacts. Generally, local and national capabilities for evaluating regulation need to be improved. Regulation is not generally undesirable, but it often has undesirable economic consequences, which result in part from political forces to redistribute wealth. These forces need can be mitigated by more sharply evaluating the consequences and tradeoffs of proposed regulations. This paper - a joint product of the Office of the Chief Economist and Senior Vice President, Development Economics and the Advisory Group, Latin America and the Caribbean Technical Department - was produced as a background paper for World Development Report 1997 on the role of the state in a changing world.
Measuring Economic Welfare
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Author : George W. McKenzie
language : en
Publisher: Cambridge University Press
Release Date : 1983-03-10
Measuring Economic Welfare written by George W. McKenzie and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983-03-10 with Business & Economics categories.
Professor McKenzie proposes and formulates a method composed of operational procedures designed to facilitate the evaluation of economic projects and policies. This method is discussed fully, illustrated by simple examples, and compared with alternative procedures. An outline of a computer program that enables readers to undertake their own calculations is included. In order to present the approach clearly, the author provides an exposition of the fundamental ideas and the main alternative approaches to the problem. These rely on various forms of index numbers and consumer surplus. However, as is well known, such measures are not capable of correctly ordering the various alternatives under consideration, except under highly unrealist assumptions. In this book the author suggests the abandonment of this traditional approach based on the concept of 'willingness-to-pay' or the conpensating variation. Instead, the measure that Samuelson has called the 'money-metric' should become the cornerstone of applied welfare economics.
Applied Welfare Economics
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Author : Massimo Florio
language : en
Publisher: Taylor & Francis
Release Date : 2022-08-30
Applied Welfare Economics written by Massimo Florio and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08-30 with Business & Economics categories.
Applied Welfare Economics: Cost-Benefit Analysis for Project and Policy Evaluation presents a consistent framework for applied welfare economics and is grounded in a comprehensive theory of cost-benefit analysis, specifically focused on offering a practical approach to policy and project evaluation. After opening with a theoretical discussion of the concept of social welfare, a critical analysis of the traditional doctrine of welfare economics embodied in the Two Fundamental Theorems, and a presentation of social cost-benefit analysis, the book introduces readers to an applied framework. This includes the empirical estimation of shadow prices of goods, the social cost of labour and capital, and the assessment of risk. The book also examines real-life experiences with cost-benefit analysis, including ex-post evaluation of major projects, economic rates of return in different sectors, and a case study on privatisation. These chapters draw on first-hand research gained by the author team from years of advisory work for the European Commission and other international and national institutions. This second edition presents updated data, more international examples, and more coverage of topics such as very long run discounting effects and climate change as an intergenerational effect. It also includes more practical examples and end-of-chapter questions to aid student’s learning. Applied Welfare Economics is a valuable textbook for upper-level courses on welfare economics, cost-benefit analysis, public policy analysis and related areas.
Well Being And Fair Distribution
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Author : Matthew Adler
language : en
Publisher: Oxford University Press
Release Date : 2011-12-01
Well Being And Fair Distribution written by Matthew Adler and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-12-01 with Law categories.
In Well-Being and Fair Distribution: Beyond Cost-Benefit Analysis, author Matthew D. Adler provides readers with a comprehensive, philosophically grounded argument for the use of social welfare functions as a framework for governmental policy analysis--a framework that is welfarist but not utilitarian, and sensitive to the distribution of human well-being. Well-Being and Fair Distribution addresses a range of relevant theoretical issues, including the nature of well-being and the possibility of interpersonal welfare comparisons; the moral value of equality, and how that bears on the form of the social welfare function; social choice under uncertainty; and the integration of individual responsibility into the social-welfare function approach. Adler also explores issues of implementation by looking at how survey data and other sources of evidence might be used to calibrate both a well-being metric and a social welfare function, and discussing whether distributive goals are ever best pursued through regulation rather than the tax system. In working through this range of theoretical and practical issues, Well-Being and Fair Distribution draws from a wide variety of literatures, including philosophical scholarship on equality, "prioritarianism," responsibility, well-being, and personal identity over time; the social choice literature within economics; applied economic literatures concerning the measurement of inequality and poverty; legal and policy-analytic scholarship on cost-benefit analysis, environmental justice, and the choice between regulation and taxation; and the burgeoning field of "happiness studies."
The Economics Of Welfare
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Author : Arthur Pigou
language : en
Publisher: Routledge
Release Date : 2017-10-24
The Economics Of Welfare written by Arthur Pigou and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-24 with Political Science categories.
The Economics of Welfare occupies a privileged position in economics. It contributed to the professionalization of economics, a goal aggressively and effectively pursued by Pigou's predecessor and teacher Alfred Marshall. The Economics of Welfare also may be credited with establishing welfare economics, by systematically analyzing market departures and their potential remedies. In writing The Economics of Welfare, Pigou built a bridge between the old and the new economics at Cambridge and in Britain. Much of the book remains relevant for contemporary economics. The list of his analyses that continues to play an important role in economics is impressive. Some of the more important include: public goods and externalities, welfare criteria, index number problems, price discrimination, the theory of the firm, the structure of relief programs for the poor, and public finance. Pigou's discussion of the institutional structure governing labor-market operations in his Wealth and Welfare prompted Schumpeter to call the work "the greatest venture in labor economics ever undertaken by a man who was primarily a theorist." The Economics of Welfare established welfare economics as a field of study. The first part analyzes the relationship between the national dividend and economic and total welfare. Parts II and III link the size of the dividend to the allocation of resources in the economy and the institutional structure governing labor-market operations. Part IV explores the relationship between the national dividend and its distribution. In her new introduction, Nahid Aslanbeigui discusses the life of Pigou and the history of The Economics of Welfare. She also discusses Pigou's theories as expressed in this volume and some of the criticisms those theories have met as well as the impact of those criticisms. The Economics of Welfare is a classic that repays careful study.
The Welfare Of Nations
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Author : James Bartholomew
language : en
Publisher: Biteback Publishing
Release Date : 2015-03-31
The Welfare Of Nations written by James Bartholomew and has been published by Biteback Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-31 with Technology & Engineering categories.
Why is unemployment so low in Switzerland but so high in Spain? Why is social housing more successful in Singapore than in France? Why do welfare states across the world function so differently to Britain's? The twentieth century experienced an epochal war between capitalism and communism, but the real winner of the conflict, James Bartholomew argues, was welfare statism. The defining form of government of our age, welfare states have spread across the advanced world and are changing the very nature of modern civilisation. In his bestselling book The Welfare State We're In, Bartholomew controversially argued that the British welfare state has done more harm than good. Many people - including Lady Thatcher - responded by saying, 'If that is the case, what should we do about it?' Now, in this hard-hitting and provocative new contribution, Bartholomew sets out to answer that question. Travelling across the globe, from Australia in the east to San Francisco in the west, he investigates what happens elsewhere in the world and considers which welfare models Britain could potentially follow. His search for the best education, healthcare and support services takes him to eleven vastly different countries as he teases out the advantages and weaknesses of other nations' welfare states and delves into crucial issues such as literacy, poverty and inequality. What damage is being done by failing welfare states? What lessons can be learned from the best welfare states? And is it too late to stop welfare states permanently diminishing the lives and liberties of people around the world?
The Myth Of Social Cost
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Author : Steven N. S. Cheung
language : en
Publisher: Hobart Papers (Paperback)
Release Date : 1978
The Myth Of Social Cost written by Steven N. S. Cheung and has been published by Hobart Papers (Paperback) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Business & Economics categories.
For over 50 years economists have argued that where private costs or benefits differ from social costs or benefits - in noise, smells, congestion, pollution of the environment - there is a 'clear case' for government intervention to correct the divergence. This argument has been used to justify almost endless intervention. However, the original analysts of social costs/benefits were led into error by failing to test their propositions against the evidence of real life. Painstaking empirical studies clearly demonstrate these errors. A divergence between private and social cost is no decisive justification for government action to correct it. The costs of intervention often outweigh the social benefits. Moreover, the alleged 'externalities' are merely uncontracted effects. Under private property rights, the use of contracts to transact what have been regarded as 'external' effects is far more common than has been commonly recognised.
Cost Benefit Analysis
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Author : E.J. Mishan
language : en
Publisher: Routledge
Release Date : 2020-08-19
Cost Benefit Analysis written by E.J. Mishan and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-19 with Business & Economics categories.
Cost-benefit analysis (CBA) is the systematic and analytical process of comparing benefits and costs in evaluating the desirability of a project or programme – often of a social nature. It attempts to answer such questions as whether a proposed project is worthwhile, the optimal scale of a proposed project and the relevant constraints. CBA is fundamental to government decision making and is established as a formal technique for making informed decisions on the use of society’s scarce resources. This timely sixth edition of the classic Cost-Benefit Analysis text continues to build on the successful approach of previous editions, with lucid explanation of key ideas, simple but effective expository short chapters and an appendix on various useful statistical and mathematical concepts and derivatives. The book examines important developments in the discipline, with relevant examples and illustrations as well as new and expanded chapters which build upon standard materials on CBA. Highlights include: updated historical background of CBA extended non-market goods valuation methods the impact of uncertainty evaluation of programmes and services behavioural economics decision rules and heuristics CBA and regulatory reforms CBA in developed and developing countries value of household production other topics frequently encountered in CBA, such as costs of diseases and air pollution, and value of statistical life. This book is a valuable source and guide to international funding agencies, governments, interested professional economists and senior undergraduate and graduate students. The text is fully supported by a companion website, which includes discussion questions and PowerPoint slides for each chapter.
The Economics Of Control
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Author : Abba Ptachya Lerner
language : en
Publisher: New York : Macmillan
Release Date : 1944
The Economics Of Control written by Abba Ptachya Lerner and has been published by New York : Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 1944 with Business & Economics categories.
Study of capitalist and socialist concepts of public interest and principles of control in private enterprise and collective economy systems - includes relevant economic theory, and covers ownership, production, consumption, income distribution, capital formation, investment, profit, trade, employment, etc.