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Applied Welfare Economics extends a conventional costbenefit analysis by using important results in welfare economics. The analysis is extended to accommodate trade and income taxes, time, internationally traded goods, and nontax distortions, including externalities noncompetitive behavior, public goods and pricequantity controls. The book is primarily intended as a reference for academic economists, policy analysts, and graduate students. Formal analysis is explained using diagrams to make it more adaptable to the different institutional arrangements encountered in applied work.
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