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 …1. Introduction -- 2. Our workhorse : the Brock model -- 3. A money-metrics version of Weitzman's welfare theorem -- 4 …

cooperation with respect to public input provision can be designed to increase the overall social welfare. …

procedures for welfare measurement in the first best apply with minor modifications. This result strengthens the idea behind … using the comprehensive net national product as a welfare indicator. If, on the other hand, part of the habit formation is … exogenous to each consumer, the exact welfare measure will also reflect the associated external effect. …