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Applied Welfare Economics - Oxford Scholarship Online
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Applied Welfare Economics

Chris Jones


Important results in the applied welfare literature are used to extend a conventional Harberger cost-benefit analysis. A conventional welfare equation is obtained for marginal policy changes in a general equilibrium economy with tax distortions. It is extended to accommodate internationally traded goods, time, income taxes, and non-tax distortions, including externalities, non-competitive behaviour, public goods, and price-quantity controls. The welfare analysis is developed in stages, and where possible is explained using diagrams, to make it more amenable to the different institutional arran ... More

Keywords: cost-benefit analysis, distributional effects, marginal excess burden of taxation, marginal social cost of public funds, market distortions, optimal taxation, public good provision, revised Samuelson condition, shadow discount rate, shadow exchange rate, shadow prices, shadow value of government revenue

Bibliographic Information

Print publication date: 2005 Print ISBN-13: 9780199281978
Published to Oxford Scholarship Online: July 2005 DOI:10.1093/0199281971.001.0001


Affiliations are at time of print publication.

Chris Jones, author
Senior Lecturer, The Australian National University
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