Welfare measurement in imperfect markets a growth theoretical approach / [electronic resource] :
Thomas Aronsson, Karl-Gustaf Löfgren, Kenneth Backlund.
- Northhampton, Mass. : Edward Elgar Pub., 2004.
- 1 online resource (viii, 196 p.) : ill.
- New horizons in environmental economics .
- New horizons in environmental economics. .
A completely rewritten update of: Welfare measurement, sustainability, and green national accounting / Thomas Aronsson, Per-Olov Johansson, Karl-Gustaf Löfgren. c1997.
Includes bibliographical references and index.
1. Introduction -- 2. Our workhorse : the Brock model -- 3. A money-metrics version of Weitzman's welfare theorem -- 4. An almost practical step towards green accounting? -- 5. Green accounting and distortionary taxation -- 6. Green accounting and green taxes in the global economy -- 7. Numerical applications : dynamic global economy models -- 8. Three emerging issues in social accounting -- 9. Welfare measurement under uncertainty.
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 focused on the external effects associated with environmental damage and analysed their role in the context of social accounting. This book adopts a much broader perspective by analysing a wide spectrum of resource allocation problems of real-world market economies.