Welfare Economics and Second-Best Theory

A Distortion-Analysis Protocol for Economic-Efficiency Prediction

Auteurs

• Richard S. Markovits

Paramètres

• Pages: 380 pages
• Temps de lecture: 14 heures

• Affaires et économie
• Droit, Littérature juridique
• Littérature juridique
• Sciences politiques & Politique

En savoir plus sur le livre

Focusing on economic inefficiency, this book introduces a novel analysis protocol that distinguishes between various categories often overlooked in traditional assessments. It evaluates how specific conduct or policies affect these inefficiencies by examining their influence on profitability versus economic efficiency, particularly in the context of Pareto imperfections. Additionally, the protocol emphasizes a third-best approach, recommending research only when expected efficiency gains surpass execution costs. The book further illustrates its application through case studies, highlighting its distinct conclusions compared to conventional welfare economics.

Achat du livre

• Année de publication: 2020
• Reliure: (rigide)