{"product_id":"the-welfare-economics-of-public-policy-a-practical-approach-to-project-and-policy-evaluation","title":"The Welfare Economics of Public Policy: A Practical Approach to Project and Policy Evaluation","description":"\u003cp\u003eThis outstanding text  a follow-up to the authors award-winning 1982 text  provides a thorough treatment of economic welfare theory and develops a complete theoretical and empirical framework for applied project and policy evaluation. The authors illustrate how this theory can be used to develop policy analysis from both theory and estimation in a variety of areas including: international trade  the economics of technological change  agricultural economics  the economics of information  environmental economics  and the economics of extractive and renewable natural resources. Building on willingness-to-pay (WTP) measures as the foundation for applied welfare economics  the authors develop measures for firms and households where households are viewed as both consumers and owner\/sellers of resources. Possibilities are presented for (1) approximating WTP with consumer surplus  (2) measuring WTP exactly subject to errors in existing econometric work  and (3) using duality theory to specify econometric equations consistent with theory. Later chapters cover specific areas of welfare measurement under imperfect competition  uncertainty  incomplete information  externalities  and dynamic considerations. Applications are considered explicitly for policy issues related to information  international trade  the environment  agriculture  and other natural resource issues. The Welfare Economics of Public Policy is ideal for graduate and undergraduate courses in applied welfare economics  public policy  agricultural policy  and environmental economics and provides an essential reference for practitioners of applied welfare economics.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":44984621727797,"sku":"ByrdShop_1845425782","price":181.32,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9781845425784.jpg?v=1770839510","url":"https:\/\/atxbooks.com\/products\/the-welfare-economics-of-public-policy-a-practical-approach-to-project-and-policy-evaluation","provider":"ATX Books","version":"1.0","type":"link"}