Theory and Measurement of Economic Externalities

Theory and Measurement of Economic Externalities PDF Author: Steven A. Y. Lin
Publisher: Academic Press
ISBN: 1483271471
Category : Business & Economics
Languages : en
Pages : 280

Get Book Here

Book Description
Theory and Measurement of Economic Externalities provides information on some analytical and empirical developments in the field of externalities. This book presents the function of turning out producer's goods in the form of better knowledge, analytical formulation, and approaches for application to current problems. Organized into five parts encompassing 12 chapters, this book begins with an overview of the notion of externalities in connection with analyses of economic welfare. This text then discusses the relationship between publicness and external diseconomies when either consumption or production or decision sets are nonconvex due to a high degree of externalities. Other chapters consider disproving the pessimistic conclusions concerning tax–subsidy schemes. This book discusses as well the solutions for the allocation of resources in an economy with public goods and interdependent preferences. The final chapter deals with a general framework for estimating externality production functions. This book is a valuable resource for economists.

Theory and Measurement of Economic Externalities

Theory and Measurement of Economic Externalities PDF Author: Steven A. Y. Lin
Publisher: Academic Press
ISBN: 1483271471
Category : Business & Economics
Languages : en
Pages : 280

Get Book Here

Book Description
Theory and Measurement of Economic Externalities provides information on some analytical and empirical developments in the field of externalities. This book presents the function of turning out producer's goods in the form of better knowledge, analytical formulation, and approaches for application to current problems. Organized into five parts encompassing 12 chapters, this book begins with an overview of the notion of externalities in connection with analyses of economic welfare. This text then discusses the relationship between publicness and external diseconomies when either consumption or production or decision sets are nonconvex due to a high degree of externalities. Other chapters consider disproving the pessimistic conclusions concerning tax–subsidy schemes. This book discusses as well the solutions for the allocation of resources in an economy with public goods and interdependent preferences. The final chapter deals with a general framework for estimating externality production functions. This book is a valuable resource for economists.

Econometrics in a Formal Science of Economics

Econometrics in a Formal Science of Economics PDF Author: Bernt P. Stigum
Publisher: MIT Press
ISBN: 0262028581
Category : Business & Economics
Languages : en
Pages : 389

Get Book Here

Book Description
An examination of the role of theory in applied econometrics.

The Theory and Measurement of Business Income

The Theory and Measurement of Business Income PDF Author: Edgar O. Edwards
Publisher: Univ of California Press
ISBN:
Category : Business cycle
Languages : en
Pages : 344

Get Book Here

Book Description


Measurement in Economics

Measurement in Economics PDF Author: Marcel Boumans
Publisher: Elsevier
ISBN: 0123704898
Category : Business & Economics
Languages : en
Pages : 460

Get Book Here

Book Description
"Measurement in Economics: A Handbook" aims to serve as a source, reference, and teaching supplement for quantitative empirical economics, inside and outside the laboratory. Covering an extensive range of fields in economics: econometrics, actuarial science, experimental economics, index theory, national accounts, and economic forecasting, it is the first book that takes measurement in economics as its central focus. It shows how different and sometimes distinct fields share the same kind of measurement problems and so how the treatment of these problems in one field can function as a guidance in other fields. This volume provides comprehensive and up-to-date surveys of recent developments in economic measurement, written at a level intended for professional use by economists, econometricians, statisticians and social scientists. It employs an integrative approach of measurement in economics. It contains multi-disciplinary chapters and up-to-date survey of measurement literature in economics and econometrics.

Theory and Measurement

Theory and Measurement PDF Author: J. Daniel Hammond
Publisher: Cambridge University Press
ISBN: 0521552052
Category : Business & Economics
Languages : en
Pages : 252

Get Book Here

Book Description
This 1996 work examines the history of debates between Friedman and his critics over money's causal role in business cycles from 1948 to 1991.

Measuring Economic Welfare

Measuring Economic Welfare PDF Author: George W. McKenzie
Publisher: Cambridge University Press
ISBN: 0521248620
Category : Business & Economics
Languages : en
Pages : 201

Get Book Here

Book Description
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.

Measuring Utility

Measuring Utility PDF Author: Ivan Moscati
Publisher:
ISBN: 0199372764
Category : Business & Economics
Languages : en
Pages : 345

Get Book Here

Book Description
Utility is a key concept in the economics of individual decision-making. However, utility is not measurable in a straightforward way. As a result, from the very beginning there has been debates about the meaning of utility as well as how to measure it. This book is an innovative investigation of how these arguments changed over time. Measuring Utility reconstructs economists' ideas and discussions about utility measurement from 1870 to 1985, as well as their attempts to measure utility empirically. The book brings into focus the interplay between the evolution of utility analysis, economists' ideas about utility measurement, and their conception of what measurement in general means. It also explores the relationships between the history of utility measurement in economics, the history of the measurement of sensations in psychology, and the history of measurement theory in general. Finally, the book discusses some methodological problems related to utility measurement, such as the epistemological status of the utility concept and its measures. The first part covers the period 1870-1910, and discusses the issue of utility measurement in the theories of Jevons, Menger, Walras and other early utility theorists. Part II deals with the emergence of the notions of ordinal and cardinal utility during the period 1900-1945, and discusses two early attempts to give an empirical content to the notion of utility. Part III focuses on the 1945-1955 debate on utility measurement that was originated by von Neumann and Morgenstern's expected utility theory (EUT). Part IV reconstructs the experimental attempts to measure the utility of money between 1950 and 1985 within the framework provided by EUT. This historical and epistemological overview provides keen insights into current debates about rational choice theory and behavioral economics in the theory of individual decision-making and the philosophy of economics.

Distributional Justice

Distributional Justice PDF Author: Hilde Bojer
Publisher: Routledge
ISBN: 1134428308
Category : Business & Economics
Languages : en
Pages : 168

Get Book Here

Book Description
The book covers utilitarianism and welfare economics, moving on to Rawls's social contract and the Sen/Nussbaum capability approach with a refreshingly readable style. It is an important read for economists and other social scientists.

Cost-Benefit Analysis of Environmental Change

Cost-Benefit Analysis of Environmental Change PDF Author: Per-Olov Johansson
Publisher: Cambridge University Press
ISBN: 9780521447928
Category : Business & Economics
Languages : en
Pages : 250

Get Book Here

Book Description
This book is an advanced text in applied welfare economics and its application to environmental economics. The author goes far beyond the existing literature on the valuation of environmental benefits, deriving sets of cost-benefit rules which can be used to assess private and public sector projects which affect the environment. He explains how valuation studies can be augmented so as to yield the information necessary for decision-making, showing how externalities, taxes, unemployment, risk, irreversibilities, flow and stock pollutants, discounting, and intergenerational distribution should be treated in social cost-benefit analysis. Drawing on a number of empirical illustrations, this book will be of interest not only to those taking advanced courses in environmental economics, welfare economics, and public economics, but also as a reference for those undertaking project evaluations in government and business.

Measurement of Productivity and Efficiency

Measurement of Productivity and Efficiency PDF Author: Robin C. Sickles
Publisher: Cambridge University Press
ISBN: 110703616X
Category : Business & Economics
Languages : en
Pages : 631

Get Book Here

Book Description
Provides a comprehensive approach to productivity and efficiency analysis using economic and econometric theory.