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  • The Marginal Cost of Public Funds

    Series series Elements in Public Economics
    In a perfect market economy, the cost of raising another euro of tax revenue equals one. However, once distortionary taxes on goods and factors are introduced, the marginal cost of public funds, MCPF, typically deviates from one. Often it exceeds one, but one can also find cases where it falls short of one. This Element introduces the concept of the MCPF, sketches its history, and discusses a ... Read more

    $20.99 USD

  • Cost-Benefit Analysis for Project Appraisal

    Written by two leading experts, this is a compact guide to the key tools and methods necessary to carry out cost-benefit analysis (CBA). The authors use modern economic tools to obtain general equilibrium cost-benefit rules that can be used to evaluate small projects, as well as large and even mega projects. Intertemporal issues like discounting, the shadow price of capital, and the treatment of ... Read more

    $36.99 USD

  • Cost–Benefit Analysis

    Series series Elements in Public Economics
    This Element on cost-benefit analysis provides a summary of recent theoretical and empirical developments and summarizes state-of-the-art stated-preference and revealed-preference valuation methods. The Element discusses how to assess small (or marginal) as well as large (or non-marginal) projects that have a significant impact on prices and/or other economic variables. It also discusses ... Read more

    $20.99 USD

  • The Economics of Evaluating Water Projects

    Hydroelectricity Versus Other Uses

    Series series Economics and Finance (R0)
    This book presents research on a kind of water use conflicts that is becoming more and more common and important: How to best manage moving water in times of increasing demand for electricity as well as environmental services. How should decisions be made between water use for electricity generation or for environmental and recreational benefits? The authors develop a simple general equilibrium ... Read more

    $89.09 USD

  • Evaluating Water Projects

    Cost-Benefit Analysis Versus Win-Win Approach

    Series series Economics and Finance (R0)
    Should more water be diverted to or from electricity generation? This timely question is addressed in this short volume. Two different approaches are introduced and compared:The first is a cost-benefit analysis, examining the case of re-regulating a Swedish hydropower plant in which water is diverted from electricity generation to the downstream dryway. The proposed scenario generates ... Read more

    $49.99 USD

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  • Pricing the Planet's Future

    The Economics of Discounting in an Uncertain World

    Our path of economic development has generated a growing list of environmental problems including the disposal of nuclear waste, exhaustion of natural resources, loss of biodiversity, climate change, and polluted land, air, and water. All these environmental problems raise the crucial challenge of determining what we should and should not do for future generations. It is also central to other ... Read more

    $12.99 USD or Free with Kobo Plus

  • Macroeconomic Theory

    This graduate textbook is a primer in macroeconomics. It starts from essential undergraduate macroeconomics and develops the central topics of modern macroeconomic theory in a simple and rigorous manner. All topics essential for first year graduate students are covered. These include rational expectations, intertemporal dynamic models, exogenous and endogenous growth, nonclearing markets and ... Read more

    $93.59 USD

  • Essentials of Advanced Macroeconomic Theory

    by Ola Olsson ...
    Series series Routledge Advanced Texts in Economics and Finance
    Trying to summarize the essentials of macroeconomic theory in the wake of the financial crisis that has shaken not only Western economies but also the macroeconomic profession is no easy task. In particular, the notion that markets are self-correcting and always in equilibrium appears to have taken a heavy blow. However, the jury is still out on which areas should be considered as failures and ... Read more

    $140.99 USD

  • Collected Papers on Monetary Theory

    Robert Lucas is one of the outstanding monetary theorists of the past hundred years. Along with Knut Wicksell, Irving Fisher, John Maynard Keynes, James Tobin, and Milton Friedman (his teacher), Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange.Lucas’s contributions are both methodological and substantive. Methodologically, ... Read more

    $74.69 USD

  • Macroeconomics

    The Development of Modern Methods for Policy Analysis

    This important textbook offers a comprehensive look into the two main traditions in contemporary macroeconomics –- New Classical and Keynesian –- and examines the work of economists who have drawn on principles from both traditions to form a new, integrated approach known as New Neoclassical Synthesis. Importantly, this provides the theoretical foundation for much of current mainstream economics ... Read more

    $41.99 USD

  • Modern Public Economics

    Series series Routledge Advanced Texts in Economics and Finance
    In recent times not only have traditional areas of public economics such as taxation, public expenditure, public sector pricing, benefit cost analysis, and fiscal federalism thrown up new challenges but entirely new areas of research and inquiry have emerged. This second edition builds upon the strengths of the previous edition and incorporates results of research on new areas such as global ... Read more

    $110.99 USD

  • Systemic Liquidity Risk and Bipolar Markets

    Wealth Management in Today's Macro Risk On / Risk Off Financial Environment

    Series series Bloomberg (UK)
    The dramatic and well chronicled crisis of 2007/8 marked a watershed moment for all stakeholders in global capital markets. In the aftermath, financial markets have become even more tightly coupled as correlations in returns across multiple asset classes have been at historically elevated levels. Investors and fund managers are, to a much larger degree than previously and often much more than they ... Read more

    $86.00 USD