Title
Welfare Measurement in Imperfect Markets: A Growth Theoretical Approach (New Horizons in Environmental Economics series),Used
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This book cleverly integrates the research on welfare measurement and social accounting in imperfect market economies. In their previously acclaimed volume, Welfare Measurement, Sustainability and Green National Accounting, the authors focused on the external effects associated with environmental damage and analysed their role in the context of social accounting. This book adopts a much broader perspective by analysing a wide spectrum of resource allocation problems of realworld market economies.The authors' aim is to derive exact welfare measures in imperfect market economies and compare them with their counterparts in a firstbest equilibrium. Using numerical analysis, they also attempt to make the leap from theory to practical application by measuring the empirical importance of market imperfections. Such analysis provides the tools for examining whether 'real life' approximations of the welfare contribution of external effects, such as information collected by using the willingnesstopay method, actually capture true and accurate values. Finally, the authors address the theory of costbenefit analysis, in terms of environmental and other public policies, in dynamic general equilibrium models.This book is an impressive investigation of the theory of social accounting, with particular emphasis on valuation problems facing imperfectly competitive markets. It will make challenging but highly rewarding reading for academics and researchers interested in environmental economics, welfare measurement, social accounting and green accounting.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the main focus of 'Welfare Measurement in Imperfect Markets'? A: The book focuses on welfare measurement and social accounting in imperfect market economies, analyzing resource allocation problems and deriving welfare measures.
- Q: Who are the authors of this book? A: The book is authored by Thomas Aronsson and others who have previously worked on related volumes in environmental economics.
- Q: What are the key themes discussed in the book? A: Key themes include welfare measurement, sustainability, social accounting, and the impact of market imperfections on policy evaluation.
- Q: How does this book differ from previous works by the authors? A: Unlike previous works that focused on environmental damage, this book takes a broader perspective on various resource allocation issues in real-world economies.
- Q: What type of analysis does the book use to support its findings? A: The book employs numerical analysis to transition from theoretical concepts to practical applications in welfare measurement.
- Q: Is this book suitable for beginners in environmental economics? A: While the book provides valuable insights, it may be more suitable for academics and researchers due to its complex subject matter.
- Q: What is the publication date of this book? A: The book was published on December 27, 2004.
- Q: What condition is the book in? A: The book is available as a used copy in good condition.
- Q: What type of binding does this book have? A: The book is bound in hardcover, providing durability for extensive use.
- Q: How many pages does this book contain? A: The book contains a total of 208 pages.