Recommended readings (Machine generated): Paul A. Samuelson (1954), 'The Pure Theory of Public Expenditure', Review of Economics and Statistics, 36 (4), November, 387-9 -- Francis M. Bator (1958), 'The Anatomy of Market Failure', Quarterly Journal of Economics, LXXII (3), August, 351-79 --...

1. An introduction to the theory of social accounting / Thomas Aronsson and Karl-Gustaf Löfgren -- 2. The money metrics problem in dynamic welfare analysis / Karl-Gustaf Löfgren -- 3. Welfare measurement, hyperbolic discounting and paternalism / Kenneth Backlund and Tomas Sjögren -- 4....

Advancing the incorporation of equity preferences in policy analysis, this book demonstrates the application of choice modelling to the estimation of distributional weights suitable for inclusion in a cost–benefit analytical framework. A platform for discussion of the challenges and...

Recent years have seen the development of new theories of market failure based on asymmetric information and network effects. According to the new paradigm, we can expect substantial failure in the markets for labor, credit, insurance, software, new technologies and even used cars, to give but a...

The book reprints the main articles from the 1972 volume Explorations in the Theory of Anarchy, and contains a response to each chapter, as well as new comments by Gordon Tullock, James Buchanan, Jeffrey Rogers Hummel and Peter Boettke. The younger economists are notably less pessimistic about...

This Handbook provides an overview of interdisciplinary research related to social choice and voting that is intended for a broad audience. Expert contributors from various fields present critical summaries of the existing literature, including intuitive explanations of technical terminology and...

This book focuses on arrangements for redistributing consumption opportunities over the life cycle and for providing compensation for income losses or large expenditures due to reasons such as illness and unemployment. After extensive coverage of the nature of inequalities in income and wealth...

This comprehensive and thought-provoking Handbook reviews public sector economics from pluralist perspectives that either complement or reach beyond mainstream views. The book takes a comprehensive interdisciplinary approach, drawing on economic elements in the fields of philosophy, sociology,...

Contents: 1. Going beyond GDP: theoretical approaches / Enrico Giovannini and Tommaso Rondinella -- 2. Going beyond GDP: empirical findings / Carlotta Balestra, Romina Boarini and Nicolas Ruiz -- 3. Human development and poverty: theoretical approaches / Suman Seth and Antonio Villar -- 4. Human...

Recommended readings (Machine generated): 20. Kenneth J. Arrow (1969), 'Values and Collective Decision-Making', in Peter Laslett and W.G. Runciman (eds), Philosophy, Politics and Society: Third Series, Oxford, UK: Basil Blackwell, 215-32 -- 21. Amartya Sen (1995), 'Rationality and Social...