Applied Welfare Economics: Cost-Benefit Analysis of Projects and Policies

Massimo Florio

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Capital Investment and Risk Analysis Legal and Constitutional Studies Economic and Environmental Valuation

Abstract

Applied Welfare Economics: Cost-Benefit Analysis for Project and Policy Evaluation presents a consistent framework for applied welfare economics and is grounded in a comprehensive theory of cost-benefit analysis, specifically focused on offering a practical approach to the empirics of policy and project evaluation. 1.Introduction 2. The Two Fundamental Theorems Re-examined 3. On Social Welfare 4. The Social Planner and Shadow Prices in the Second-best Economy 5. The Social Cost of Goods 6. The Social Cost of Labour 7. Welfare Weights 8. Integrating Financial and Economic Analysis 9. Risk 10. Returns 11. Incentives 12. Project Evaluation Observed 13. Major Infrastructures 14. Privatisation

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