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An applied introduction to welfare economics that focuses on evaluating public policy using economic theory and empirical tools. The book explains key concepts such as efficiency, equity, cost–benefit analysis, and social welfare functions, and applies them to real-world policy areas including taxation, health, education, and environmental regulation. It is designed for students and readers seeking a practical understanding of welfare economics in policy analysis.
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Publisher: Routledge
Publishing Year: 2009
ISBN: 978-0-415-70346-6
Pages: 232