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Applied Welfare Economics

Chris Jones

Published in print:
2005
Published Online:
July 2005
ISBN:
9780199281978
eISBN:
9780191602535
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0199281971.001.0001
Subject:
Economics and Finance, Public and Welfare

Important results in the applied welfare literature are used to extend a conventional Harberger cost-benefit analysis. A conventional welfare equation is obtained for marginal policy changes in a ... More


Conventional Shadow Prices

Chris Jones

in Applied Welfare Economics

Published in print:
2005
Published Online:
July 2005
ISBN:
9780199281978
eISBN:
9780191602535
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199281971.003.0002
Subject:
Economics and Finance, Public and Welfare

The formal analysis in this chapter lays the foundation for the welfare analysis in the remainder of the book. A conventional welfare equation for marginal policy changes is obtained in a competitive ... More


Problems

Chris Jones

in Applied Welfare Economics

Published in print:
2005
Published Online:
July 2005
ISBN:
9780199281978
eISBN:
9780191602535
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199281971.003.0011
Subject:
Economics and Finance, Public and Welfare

This chapter provides a set of questions drawn from material presented in previous chapters. Most are designed to emphasize important points, and to illustrate practical examples of applied welfare ... More


Revised Shadow Prices

Chris Jones

in Applied Welfare Economics

Published in print:
2005
Published Online:
July 2005
ISBN:
9780199281978
eISBN:
9780191602535
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199281971.003.0006
Subject:
Economics and Finance, Public and Welfare

Governments rarely raise revenue with lump sum transfers. Instead, they use distorting taxes, and this must be reflected in cost-benefit studies. The conventional welfare analysis in previous ... More


The Marginal Social Cost of Public Funds

Chris Jones

in Applied Welfare Economics

Published in print:
2005
Published Online:
July 2005
ISBN:
9780199281978
eISBN:
9780191602535
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199281971.003.0007
Subject:
Economics and Finance, Public and Welfare

In public economics applications, the MCF is frequently used to compute the cost to private surplus of raising an additional dollar of government revenue. One of the most common examples is provided ... More


The Social Cost of Labour

Raaj K. Sah and Joseph E. Stiglitz

in Peasants versus City-Dwellers: Taxation and the Burden of Economic Development

Published in print:
2002
Published Online:
January 2005
ISBN:
9780199253579
eISBN:
9780191601682
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199253579.003.0015
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter is somewhat unrelated to the rest of the book, since it does not deal with taxation policies but with the calculation of the shadow cost of labour (shadow wage) in less developed ... More


 Fighting It Out

Ken Binmore

in Playing for Real: Game Theory

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195300574
eISBN:
9780199783748
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300574.003.0007
Subject:
Economics and Finance, Microeconomics

This chapter describes the theory of two-person, zero-sum games invented by John Von Neumann in 1928. It begins with an application to the computation of economic shadow prices. It shows that a ... More


Poverty and the Environmental Resource Base

Partha Dasgupta

in An Inquiry into Well-Being and Destitution

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198288350
eISBN:
9780191596094
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198288352.003.0013
Subject:
Economics and Finance, Development, Growth, and Environmental

The main part of this chapter discusses poverty in relation to the environmental resource base. It has ten sections: (1) the resource basis of rural production; (2) the characteristics of ... More


Net National Product in a Dynamic Economy

Partha Dasgupta

in An Inquiry into Well-Being and Destitution

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198288350
eISBN:
9780191596094
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198288352.003.0014
Subject:
Economics and Finance, Development, Growth, and Environmental

The main part of this chapter discusses poverty in relation to the environmental resource base. It has ten sections; (1) the resource basis of rural production; (2) the characteristics of ... More


Optimal Programming

S. N. Afriat

in Logic of Choice and Economic Theory

Published in print:
1987
Published Online:
November 2003
ISBN:
9780198284611
eISBN:
9780191595844
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198284616.003.0024
Subject:
Economics and Finance, Microeconomics

This is the first of five chapters on optimal programming (the typical mathematics of economics) and related issues as related to choice making. It introduces the general ideas of optimal programming ... More


Equilibrium Growth. (III) Normative Properties

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0009
Subject:
Economics and Finance, Development, Growth, and Environmental

Devoted to establishing the optimality of competitive equilibrium paths of various orders. So far three kinds of equilibrium growth paths have been discussed in the book: the Cassel–von Neumann path ... More


A Pure Theory of Underdeveloped Economies

James A. Mirrlees

in Welfare, Incentives, and Taxation

Published in print:
2006
Published Online:
October 2011
ISBN:
9780198295211
eISBN:
9780191685095
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198295211.003.0026
Subject:
Economics and Finance, Public and Welfare, Development, Growth, and Environmental

This chapter discusses ‘pure theory’ analysis, so-called because it mostly ignores many important features of underdeveloped countries in order to concentrate on one relationship. The discussion also ... More


Sustainability and the Determinants of Personal Consumption

Partha Dasgupta

in Sustainable Consumption: Multi-disciplinary Perspectives In Honour of Professor Sir Partha Dasgupta

Published in print:
2014
Published Online:
September 2014
ISBN:
9780199679355
eISBN:
9780191758423
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199679355.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

Due to distortions in market economies shadow prices are necessary to properly value consumption and capital assets, especially natural capital. The chapter examines the key elements of shadow ... More


Convex Programming

S. N. Afriat

in Logic of Choice and Economic Theory

Published in print:
1987
Published Online:
November 2003
ISBN:
9780198284611
eISBN:
9780191595844
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198284616.003.0025
Subject:
Economics and Finance, Microeconomics

This is the second of five chapters on optimal programming (the typical mathematics of economics) and related issues as related to choice making. It introduces convexity conditions, and shows where ... More


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