Massimo Florio,Chiara Pancotti
Applied Welfare Economics: Cost-Benefit Analysis of Projects and Policies
Applied Welfare Economics: Cost-Benefit Analysis of Projects and Policies
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Applied Welfare Economics provides a practical approach to policy and project evaluation using a comprehensive theory of cost-benefit analysis. It covers empirical estimation of shadow prices, social cost of labor and capital, and risk assessment, with real-life examples from advisory work for international institutions. The second edition includes updated data, international examples, and coverage of topics such as long-run discounting effects and climate change.
Format: Paperback / softback
Length: 324 pages
Publication date: 11 August 2022
Publisher: Taylor & Francis Ltd
Applied Welfare Economics: Cost-Benefit Analysis for Project and Policy Evaluation provides a comprehensive framework for applied welfare economics, grounded in a thorough theory of cost-benefit analysis. The book begins with a theoretical exploration of social welfare, a critical examination of the traditional doctrine of welfare economics embodied in the Two Fundamental Theorems, and a presentation of social cost-benefit analysis. It then introduces readers to an applied framework, encompassing empirical estimation of shadow prices of goods, social cost of labor and capital, and risk assessment. Additionally, the book delves into real-life experiences with cost-benefit analysis, including ex-post evaluation of major projects, economic rates of return across sectors, and a case study on privatization. These chapters draw from firsthand research conducted by the author team over years of advisory work for the European Commission and other international and national institutions.
In the second edition of this textbook, updated data and international examples are included, along with expanded coverage of topics such as very long-run discounting effects and climate change as an intergenerational effect. Furthermore, more practical examples and end-of-chapter questions are provided to aid students in their learning. Applied Welfare Economics serves as a valuable resource for upper-level courses in welfare economics, cost-benefit analysis, public policy analysis, and related fields.
Dimension: 246 x 174 (mm)
ISBN-13: 9781032022185
Edition number: 2 ed
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