Welfare Analysis: Bridging the Partial and General Equilibrium Divide for Policy Analysis
| العنوان: | Welfare Analysis: Bridging the Partial and General Equilibrium Divide for Policy Analysis |
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| المؤلفون: | Scott Farrow, Adam Rose |
| المصدر: | Journal of Benefit-Cost Analysis. 9:67-83 |
| بيانات النشر: | Cambridge University Press (CUP), 2018. |
| سنة النشر: | 2018 |
| مصطلحات موضوعية: | Functional specification, Computable general equilibrium, 021110 strategic, defence & security studies, Economics and Econometrics, Government, Public Administration, Sociology and Political Science, General equilibrium theory, media_common.quotation_subject, Partial equilibrium, 05 social sciences, 0211 other engineering and technologies, 02 engineering and technology, Policy analysis, 0502 economics and business, Economics, 050207 economics, Closure (psychology), Welfare, Mathematical economics, media_common |
| الوصف: | Advances in theoretical and computable general equilibrium modeling brought their conceptual foundations more in line with standard microeconomic constructs. This reduced the theoretical gap between welfare measurements using a partial or a general equilibrium approach. However, the separation of the partial and general equilibrium literatures lingers in many applications that this manuscript seeks to bridge. The now shared conceptual foundations, the importance of functional specification, the role of common price movements and closure rules are discussed. The continuing stricture in U.S. Government guidelines against including secondary effects in welfare measures is questioned. |
| تدمد: | 2152-2812 2194-5888 |
| الوصول الحر: | https://explore.openaire.eu/search/publication?articleId=doi_________::1e1c59aaa00acfe9599c953be2ffa547Test https://doi.org/10.1017/bca.2017.29Test |
| حقوق: | OPEN |
| رقم الانضمام: | edsair.doi...........1e1c59aaa00acfe9599c953be2ffa547 |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 21522812 21945888 |
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