Applied Welfare Economics
eBook - ePub

Applied Welfare Economics

Cost-Benefit Analysis of Projects and Policies

Massimo Florio, Chiara Pancotti

  1. 324 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Applied Welfare Economics

Cost-Benefit Analysis of Projects and Policies

Massimo Florio, Chiara Pancotti

Book details
Table of contents
Citations

About This Book

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.

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Information

Publisher
Routledge
Year
2022
ISBN
9781000634174
Edition
2

Table of contents

  1. Cover
  2. Half Title
  3. Series Page
  4. Title Page
  5. Copyright Page
  6. Table of Contents
  7. List of Figures
  8. List of Tables
  9. List of Boxes
  10. Preface
  11. Acknowledgements
  12. Abbreviations
  13. Main notation
  14. Part One Theory
  15. Part Two Empirics
  16. Part Three Experience
  17. Bibiography
  18. Index