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Author : Jan Tinbergen
Publisher :
ISBN 13 : 9780901809650
Total Pages : 27 pages
Book Rating : 4.8/5 (96 download)
Download or read book An Interdisciplinary Approach to the Measurement of Utility Or Welfare written by Jan Tinbergen and published by . This book was released on 1972 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jan Tinbergen
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (468 download)
Download or read book An Interdisplinary Approach to the Measurement of Utility Or Welfare written by Jan Tinbergen and published by . This book was released on 1972 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : George W. McKenzie
Publisher : Cambridge University Press
ISBN 13 : 0521248620
Total Pages : 201 pages
Book Rating : 4.5/5 (212 download)
Download or read book Measuring Economic Welfare written by George W. McKenzie and published by Cambridge University Press. This book was released on 1983-03-10 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Tapas Majumdar
Publisher :
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.3/5 (2 download)
Download or read book The Measurement of Utility written by Tapas Majumdar and published by . This book was released on 1961 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Thomas Aronsson
Publisher : Edward Elgar Publishing
ISBN 13 : 9781845421519
Total Pages : 216 pages
Book Rating : 4.4/5 (215 download)
Download or read book Welfare Measurement in Imperfect Markets written by Thomas Aronsson and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: A completely rewritten update of: Welfare measurement, sustainability, and green national accounting / Thomas Aronsson, Per-Olov Johansson, Karl-Gustaf L'ofgren. c1997.
Author : Ivan Moscati
Publisher : Oxford Studies in History of E
ISBN 13 : 0199372764
Total Pages : 345 pages
Book Rating : 4.1/5 (993 download)
Download or read book Measuring Utility written by Ivan Moscati and published by Oxford Studies in History of E. This book was released on 2018-11-22 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Matthew D. Adler
Publisher : Oxford University Press
ISBN 13 : 0190643048
Total Pages : 240 pages
Book Rating : 4.1/5 (96 download)
Download or read book Measuring Social Welfare written by Matthew D. Adler and published by Oxford University Press. This book was released on 2019-09-23 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Disputes over government policies rage in a number of areas. From taxation to climate change, from public finance to risk regulation, and from health care to infrastructure planning, advocates debate how policies affect multiple dimensions of individual well-being, how these effects balance against each other, and how trade-offs between overall well-being and inequality should be resolved. How to measure and balance well-being gains and losses is a vexed issue. Matthew D. Adler advances the debate by introducing the social welfare function (SWF) framework and demonstrating how it can be used as a powerful tool for evaluating governmental policies. The framework originates in welfare economics and in philosophical scholarship regarding individual well-being, ethics, and distributive justice. It has three core components: a well-being measure, which translates each of the possible policy outcomes into an array of interpersonally comparable well-being numbers, quantifying how well off each person in the population would be in that outcome; a rule for ranking outcomes thus described ; and an uncertainty module, which orders policies understood as probability distributions over outcomes. The SWF framework is a significant improvement compared to cost-benefit analysis (CBA), which quantifies policy impacts in dollars, is thereby biased towards the rich, and is insensitive to the distribution of these monetized impacts. The SWF framework, by contrast, uses an unbiased measure of well-being and allows the policymaker to consider both efficiency (total well-being) and equity (the distribution of well-being). Because the SWF framework is a fully generic methodology for policy assessment, Adler also discusses how it can be implemented to inform government policies. He illustrates it through a detailed case study of risk regulation, contrasting the implications of results of SWF and CBA. This book provides an accessible, yet rigorous overview of the SWF approach that can inform policy-makers and students.
Author : Jan Tinbergen
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (481 download)
Download or read book An Interdisciplinary Approach to the Measurement of Utility Orwelfare written by Jan Tinbergen and published by . This book was released on 1972 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dale Weldeau Jorgenson
Publisher : MIT Press
ISBN 13 : 9780262100632
Total Pages : 476 pages
Book Rating : 4.1/5 (6 download)
Download or read book Welfare: Measuring social welfare written by Dale Weldeau Jorgenson and published by MIT Press. This book was released on 1997 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents an approach to the evaluation of economic policies through the econometric modeling of aggregate consumer behavior. While the preferences of individual consumers are revealed by their market choices, these preferences can be recovered only by econometric methods, not through the index numbers used in the official statistics. The richer and more robust methodology presented in this volume provides a fruitful point of departure for future policy evaluations. The econometric approach replaces ordinal measures of individual welfare that cannot be compared among individuals with cardinal measures that can. These are combined into an indicator of social welfare that reflects principles of horizontal and vertical equity. This approach unifies the measurement of poverty, inequality, and cost and standard of living. It extends the scope of normative economics to a broader range of issues in the evaluation of economic and social policies.
Author : Angus Deaton
Publisher :
ISBN 13 :
Total Pages : 92 pages
Book Rating : 4.F/5 ( download)
Download or read book The Measurement of Welfare written by Angus Deaton and published by . This book was released on 1985 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : C.P.A. Bartels
Publisher : Springer Science & Business Media
ISBN 13 : 146134249X
Total Pages : 273 pages
Book Rating : 4.4/5 (613 download)
Download or read book Economic aspects of regional welfare written by C.P.A. Bartels and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the product of research which I undertook for my doc toral thesis. The project was started whilst I was at the Free Univer sity of Amsterdam, and the State University of Groningen gave me ample opportunity to complete the work. At both universities I was lucky enough to find kind colleagues who were willing to perform my teaching tasks, enabling me to spend much of my time some of on my research. I should like to thank Wietze Boomsma, Kees van den Hoeven and Jan Oosterhaven for their kind help. I was also most encouraged to discover several students at both institutions who were interested in the research topic. This meant that some research could be performed with their co-operation, which proved most stimulating. Harry ter Braak and Henk van Metelen were especially enthusiastic helpers. During the initial stage of research, Fons Bertens did a great deal of meticulous work, with never a com plaint. In the final stages, Arend Stemerding helped me greatly. The completed manuscript was read by Nol Merkies and Peter Nijkamp, who had some helpful comments on the contents. Pro fessor Nijkamp succeeded in stimulating me during the research by his interest in the project and subsequent edifying discussions. Several persons helped to type the manuscript, but Yvonne van Tuyl took the lion's share, typing a perfect final copy in record time.
Author : P. Laconte
Publisher : Springer Science & Business Media
ISBN 13 : 9400976488
Total Pages : 457 pages
Book Rating : 4.4/5 (9 download)
Download or read book Water Resources and Land-Use Planning: A Systems Approach written by P. Laconte and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume constitutes the proceedings of the NATO Advanced Study Institute on Water Resources and Land-Use Planning that was held in Louvain-la-Neuve, Belgium, July 3-14, 1978. In the pre paration of the two-week NASI, we identified 12 major goals and objectives, knowing well, at the time, that the satisfaction of all priorities would be an impossible task. It is instructive that we share these early goals and objectives with our readers prior to evaluating the NASI's contribution. 1. Relate and analyze water resources (water quantity and quality, surface and groundwater) and related land resources in a multi objective framework. 2. Identify and relate the scientific, technological, institu tional, societal, legal and political aspects of water and related land resources to policy decisions. 3. Promote and foster the transfer of technological information and assistance in water related land resources within the var ious levels of government. 4. Analyze the above three objectives and goals in light of the experience gained by the institute participants via case studies. 5. Improve communication and understanding among the various dis ciplines involved in water and related land resources. 6. Discuss and analyze the applicability of advanced planning methodologies germane to water and related land resources. 7. Identify current and projected future water and related land resources problems and issues and suggest ways to alleviate their respective and interrelated impacts.
Author :
Publisher : Springer
ISBN 13 : 1349588024
Total Pages : 7493 pages
Book Rating : 4.3/5 (495 download)
Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Author : Jiandong Ju
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book The Measurement of Welfare written by Jiandong Ju and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Harberger (1971) proposes that the consumer surplus should be used to measure the individual utility and the social welfare. "Since Harberger's paper, the limitation and pitfall of consumer's surplus have been demonstrated systematically and definitively by Chipman and Moore among many others" [Slesnick (1998), p. 2159]. As pointed out by Chipman and Moore (1976, p. 70), "consumer's surplus is not intended to measure a consumer's utility at all; but what is supposed to measure we are not told". Despite the serious conceptual problems, however, "consumer's surplus is the overwhelming choice as a welfare indicator" [Slesnick (1998), p. 2110]. "It is easy to use, the intuition underlying its interpretation as a welfare measure is transparent, and the data requirements for implementation are minimal" [Slesnick (1998), p. 2159]. Using aggregate data to directly measure aggregate behavior, an "aggregate to aggregate" approach is developed in this paper to measure welfare in a world of many goods with many consumers. The purpose of this paper is to show that there exist some welfare functions such that the change in welfare resulting from changes of prices is equal to the sum of the Marshallian surplus of aggregate demands, the surplus of aggregate supplies, and the changes in government revenue. Therefore, a theoretical ground is built for using Marshallian consumer surplus as a welfare indicator. It is well known that Marshallian consumer surplus does not measure the consumer's utility in the case of a single consumer. How can the Marshallian surplus be an indicator for social welfare? The consumer's utility maximization problem gives that marginal utility equals market price times the marginal utility of income (MUI). The market price would measure the marginal utility if the MUI were constant. Unfortunately, the constancy of MUI has proved to be impossible [Samuelson (1942)]. Therefore, the Marshallian surplus does not measure the individual utility. However, It is also well known that the market price measures the marginal social value of a good. As pointed out in Varian's textbook [Varian (1992), p. 334], "we see that the competitive prices measure the (marginal) social value of a good: how much welfare would increase if we had a small additional amount of the good." Therefore, it is intuitive that Marshallian consumer surplus could measure welfare, at least in the case of one good. In the case of many goods, the problem preventing consumer surplus to be a good welfare indicator is known as the path dependency problem. To solve this problem, we decompose the change in welfare into two parts. The first part is the change in welfare due to income change, maintaining prices constant, which is shown to be path independent and equal to the sum of the surplus of aggregate supplies and the change in government revenue. The second part is the change in welfare due to price changes, maintaining income constant, which is shown to be path independent and equal to the Marshallian consumer surplus of aggregate demands.
Author : Fred Hirsch
Publisher : Routledge
ISBN 13 : 1134812175
Total Pages : 206 pages
Book Rating : 4.1/5 (348 download)
Download or read book Social Limits to Growth written by Fred Hirsch and published by Routledge. This book was released on 2005-06-23 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: The promise of economic growth which has dominated society for so long has reached an impasse. In his classic analysis, Fred Hirsch argued that the causes of this were essentially social rather than physical. Affluence brings its own problems. As societies become richer, an increasing proportion of the extra goods and services created are not available to everybody. Material affluence does not make for a better society. Fred Hirsch's classic exposition of the social limits to growth manages to connect many of the apparently disparate factors that blight modern life: alienation at work and deteriorating cities as well as inflation and unemployment.
Author : Curtis P. McLaughlin
Publisher : Jones & Bartlett Learning
ISBN 13 : 1284280098
Total Pages : 276 pages
Book Rating : 4.2/5 (842 download)
Download or read book Health Policy Analysis: An Interdisciplinary Approach written by Curtis P. McLaughlin and published by Jones & Bartlett Learning. This book was released on 2023-10-05 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing from the perspectives of a variety of disciplines, this innovative text is unlike any others of its kind. Health Policy Analysis: An Interdisciplinary Approach, Fourth Edition analyzes current U.S. health policy and proposes various alternatives for developing future health policy without pushing a single solution set—rather, it considers the viewpoints of health economics, political science, health technology assessment, evaluation, and health services research. Expanded to cover the entire health policy cycle, the Fourth Edition is organized into five sections, beginning with an exploration of the current and historical issues with the U.S. healthcare system and consideration of the alternatives for future policy that have strong support. It then reviews the political processes that influence planning in various healthcare settings; presents the accepted methods of economic and financial analysis; and addresses the ethical and other value considerations that must factor into
Author : NA NA
Publisher : Springer
ISBN 13 : 1349815292
Total Pages : 271 pages
Book Rating : 4.3/5 (498 download)
Download or read book Employment, Income Distribution and Development Strategy: Problems of the Developing Countries written by NA NA and published by Springer. This book was released on 2015-12-25 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt:
