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Titlebook: Welfare Economics in Theory and Practice; Catherine M. Price Textbook 1977Latest edition Catherine M. Price 1977 econometrics.economic pol

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书目名称Welfare Economics in Theory and Practice
编辑Catherine M. Price
视频video
图书封面Titlebook: Welfare Economics in Theory and Practice;  Catherine M. Price Textbook 1977Latest edition Catherine M. Price 1977 econometrics.economic pol
出版日期Textbook 1977Latest edition
关键词econometrics; economic policy; economic theory; economics; efficiency; employment; equilibrium; general equ
版次1
doihttps://doi.org/10.1007/978-1-349-15739-6
copyrightCatherine M. Price 1977
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The Basis of Welfare Economicserned with the effect of economic policies on the level of welfare of individuals or groups of people. The analysis is used to compare the relative merits of two situations by assessing the level of welfare in each, and in doing so is dependent on a variety of conventional economic tools. However, t
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The Compensation Principlely at the cost of others. Here was a situation in which Pareto’s principles could not help directly, since if any suffer from a change, welfare comparisons can be made only by involving distributional judgements which Pareto particularly avoided. Unfortunately in practice most economic decisions inv
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Efficiency in a Dynamic Economy by the distribution of a given number of resources. In practice the stock of resources can be used at different rates and in different ways to give various output totals and mixes at different points in time. This chapter is concerned with the principles and problems of extending Paretian criteria
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Assessment of Neoclassical Welfare Economicsetian conditions described in Chapter 1 yielded some criteria for welfare judgements, even though their basis is rather narrow; they can be extended using a compensation principle, but this involves substantial distributional judgements. An even greater drawback in practice is the lack of guidance p
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