167624
9780521356954
This is the first book in welfare economics to be primarily intended for undergraduates. Concepts such as Pareto optimality in a market economy, the compensation criterion, and the social welfare function are explored in detail. The book concludes with an examination of applied welfare economics: methods for revealing people's preferences, cost-benefit analysis, and project evaluation in a risky world.Johansson, Per-Olov is the author of 'Introduction to Modern Welfare Economics', published 1991 under ISBN 9780521356954 and ISBN 0521356954.
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