An Introduction to Modern Welfare Economics

by Per-Olov Johansson

Book Overview

This is the first book in welfare economics to be primarily intended for undergraduates and non-specialists. Concepts such as Pareto optimality in a market economy, the compensation criterion, and the social welfare function are explored in detail. Market failures are analysed by using different ways of measuring welfare changes. The book also examines public choice, and the issues of provision of public goods, median voter equilibrium, government...

• Format: Paperback
• Language: English
• ISBN: 0521356954
• ISBN13: 9780521356954
• Release Date: August 1991
• Publisher: Cambridge University Press
• Length: 192 Pages
• Weight: 0.75 lbs.
• Dimensions: 0.5" x 6.1" x 8.8"