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Applied welfare economics : cost-benefit anaylsis of projects and policies / Massimo Florio.

By: Material type: TextTextSeries: Routledge advanced texts in economics and finance ; 22Publication details: London : Routledge, c2014.Description: xxv, 412 p. ; 25 cmISBN:
  • 9780415858311 (pbk.)
Subject(s): DDC classification:
  • 330.126 23 F638
Contents:
1.On social welfare-- 2. The Two fundamental theorems re-examined-- 3. Shadow prices and social planner-- 4. The social cost of goods-- 5. The social cost labour-- 6. The social cost capital-- 7. Welfare weights and distributional impacts-- 8. Risk assessment-- 9. International evaluation practices-- 10. Project returns observed-- 11. Ex-post project evaluation: ten case studies-- 12. Ex-post policy ovulation: a case study-- Bibliography-- Index.
Summary: This book offers a unique and original blend of theory, empirics and experience. The theoretical discussion clarifies why shadow prices are not virtual market equilibrium prices, as they arise as the solution of a planning problem, often with governments and economic agents constrained in their information and powers. The empirical chapters show how to compute proxies of the shadow prices in simple ways. The experience chapters draw from first hand research, gained by the Author and his collaborators over many years of advisory work for the European Commission and other international and national institutions.
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Holdings
Item type Current library Call number Status Date due Barcode Item holds
Books ISI Library, Kolkata 330.126 F638 (Browse shelf(Opens below)) Available 135740
Total holds: 0

Includes bibliographical references (pages 375-402) and index.

1.On social welfare--
2. The Two fundamental theorems re-examined--
3. Shadow prices and social planner--
4. The social cost of goods--
5. The social cost labour--
6. The social cost capital--
7. Welfare weights and distributional impacts--
8. Risk assessment--
9. International evaluation practices--
10. Project returns observed--
11. Ex-post project evaluation: ten case studies--
12. Ex-post policy ovulation: a case study--
Bibliography--
Index.

This book offers a unique and original blend of theory, empirics and experience. The theoretical discussion clarifies why shadow prices are not virtual market equilibrium prices, as they arise as the solution of a planning problem, often with governments and economic agents constrained in their information and powers. The empirical chapters show how to compute proxies of the shadow prices in simple ways. The experience chapters draw from first hand research, gained by the Author and his collaborators over many years of advisory work for the European Commission and other international and national institutions.

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