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Synopsis
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.
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Professor McKenzie proposes and formulates a new method composed of operational procedures designed to facilitate the evaluation of economic projects and policies.
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Measuring Economic Welfare: New Methods
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Cambridge University Press (edition 1), 2007
ISBN 10: 0521035945
ISBN 13: 9780521035941
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Measuring Economic Welfare: New Methods
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Cambridge University Press, 2007
ISBN 10: 0521035945
ISBN 13: 9780521035941
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Condition: Good. Your purchase helps support Sri Lankan Children's Charity 'The Rainbow Centre'. Ex-library, so some stamps and wear, and may have sticker on cover, but in good overall condition. Our donations to The Rainbow Centre have helped provide an education and a safe haven to hundreds of children who live in appalling conditions. Seller Inventory # Z1-C-085-00994
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Measuring Economic Welfare: New Methods
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ISBN 10: 0521035945
ISBN 13: 9780521035941
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Measuring Economic Welfare: New Methods
Published by
Cambridge University Press, 2007
ISBN 10: 0521035945
ISBN 13: 9780521035941
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Measuring Economic Welfare (Paperback)
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Cambridge University Press, Cambridge, 2007
ISBN 10: 0521035945
ISBN 13: 9780521035941
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Paperback. Condition: new. Paperback. 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. 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. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780521035941
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Measuring Economic Welfare: New Methods
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Cambridge University Press, 2007
ISBN 10: 0521035945
ISBN 13: 9780521035941
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Measuring Economic Welfare: New Methods
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Cambridge University Press, 2007
ISBN 10: 0521035945
ISBN 13: 9780521035941
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Measuring Economic Welfare: New Methods
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Cambridge University Press 2008-08-21, 2008
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ISBN 13: 9780521035941
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Measuring Economic Welfare: New Methods
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Measuring Economic Welfare (Paperback)
Published by
Cambridge University Press, Cambridge, 2007
ISBN 10: 0521035945
ISBN 13: 9780521035941
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Paperback. Condition: new. Paperback. 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. 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. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. Seller Inventory # 9780521035941
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