TY - BOOK AU - Baumol, William J., AU - Wilson, Charles A., AU - Blaug, Mark., TI - Welfare economics T2 - The international library of critical writings in economics / series editor Mark Blaug SN - 1852782005 AV - HB 30 .I58 no. 126 PY - 2001/// CY - Cheltenham, Inglaterra, Northampton, Massachusetts PB - Edward Elgar Publishing KW - Economía del bienestar N1 - VOLUMEN 1 --; Acknowledgements ix --; Preface; William J. Baumol, Charles A. Wilson, xiii --; Introduction; William J. Baumol, Charles A. Wilson, xv --; Part I. The criteria --; A. Pareto criterion and compensation principles --; 1. A note on welfare propositions in economics; T. de Scitovszky, 5 --; 2. Evaluation of real national income; Paul A. Samuelson, 17 --; 3. Maximum ophelimity; Vilfredo Pareto, 46 --; B. Compensation and its shortcomings --; 4. Welfare propositions of economics and inter-personal comparisons of utility; Nicholas Kaldor, 51 --; 5. The valuation of social income; J.R. Hicks, 55 --; 6. The intransitivity of certain criteria used in welfare economics; W.M. Gorman, 75 --; 7. Aggregate demand, real national income, and the compensation principle; John S. Chipman and James C. Moore, 86 --; Part II. Foundations --; A. General treatment --; 8. Three basic postulates for applied welfare economics: an interpretive essay; Arnold C. Harberger, 119 --; 9. Distributional equity and the optimal structure of public prices; Martin S. Feldstein, 132 --; 10. The welfare foundations of cost-benefit analysis; Robin W. Boadway, 137 --; B. Tools for welfare measurement: single consumer and producer --; 11. The four consumer's surpluses; J.R. Hicks, 153 --; 12. Communications: rent as a measure of welfare change; E.J. Mishan, 164 --; 13. Consumer's surplus without apology; Robert D. Willig, 174 --; 14. The plain truth about consumer surplus; Ezra J. Mishan, 183 --; 15. Consumer's surplus in commodity space; Alan Randall and John R. Stoll, 207 --; Part III. Many-consumer economies --; A. Aggregation of welfare --; 16. Richard T. Ely lecture: economics and political economy and the significance of economic science --; Lord Robbins, 219 --; 17. A reformulation of certain aspects of welfare economics; Abram Burk, 265 --; 18. Social indifference curves; Paul A. Samuelson, 290 --; B. Does addition of consumers' and producers' surpluses add up? --; 19. A note on welfare surpluses and gains from trade in general equilibrium; James E. Anderson, 315 --; 20. Another look at the social valuation of input price changes; Richard Schmalensee, 320 --; 21. Welfare measures in a multimarket framework; Richard E. Just and Darrell L. Hueth, 325 --; 22. Cost-benefit criteria and the compensation principle in valuating small; Neil Bruce and Richard G. Harris, 333 --; Part IV. Choice between market and non-market allocation mechanisms --; 23. Market structure and optimal management organizations; Clive Bull and Janusz A. Ordover, 357 --; 24. The nature of the firm; R.H. Coase, 369 --; 25. The organization of economic activity: issues pertinent to the choice of market versus nonmarket allocation; Kenneth J. Arrow, 389 --; 26. The architecture of economic systems: hierarchies and polyarchies; Raaj Kumar Sah and Joseph E. Stiglitz, 404 --; 27. On the economic theory of socialism; Oskar Lange, 416 --; 28. A note on socialist economics; A.P. Lerner, 435 --; 29. The present state of the debate; F.A. von Hayek, 440 --; Part V. Second-best analysis --; 30. The general theory of second best; Richard G. Lipsey and Kelvin Lancaster, 489 --; 31. Welfare economics and the theory of second best; Otto A. Davis and Andrew B. Whinston, 517 --; 32. Creating competition through interconnection: theory and practice; Jean-Jacques Laffont and Jean Tirole, 531 --; Name index, 561; VOLUMEN 2 --; Acknowledgements, ix --; An introduction and preface by the editors to all three volumes appear in Volume I --; Part I. Virtues of the market mechanism --; 1. Excerpt from manual of political economy; Vilfredo Pareto, 3 --; 2. The ministry of production in the collectivist State; E. Barone, 10 --; 3. Rates of return and the values of marginal private net products; A.C. Pigou, M.A., 24 --; Part II. Perfect competition: the fundamental theorems of welfare economics --; A. Basic analysis and results --; 4. The foundations of welfare economics; Oscar Lange, 31 --; 5. An extension of the basic theorems of classical welfare economics; Kenneth J. Arrow, 45 --; 6. Allocation of resources and the price system; Tjalling C. Koopmans, 71 --; 7. Optimum; Gerard Debreu, 195 --; B. Application to intertemporal setting --; 8. An exact consumption-loan model of interest with or without the social contrivance of money; Paul A. Samuelson, 207 --; 9. On capital overaccumulation in the aggregative, neoclassical model of economic growth: a complete characterization; David Cass, 223 --; 10. The role of securities in the optimal allocation of risk-bearing; K.J. Arrow, 247 --; 11. On the optimality of equilibrium when the market structure is incomplete; Oliver D. Hart, 253 --; 12. The inefficiency of the stock market equilibrium; Joseph E. Stiglitz, 279 --; 13. Existence, regularity, and constrained suboptimality of competitive allocations when the asset market is incomplete; John D. Geanakoplos and Heraklis M. Polemarchakis, 300 --; Part III. Public goods, externalities and scale economies --; A. The broad issues --; 14. The anatomy of market failure; Francis M. Bator, 335 --; 15. The pure theory of public expenditure; Paul A. Samuelson, 364 --; B. Externalities, scale economies and nonconvexities --; 16. Hindrances to equality of marginal net products due to divergence between marginal social net product and marginal private net product; A.C, Pigou, M.A., 369 --; 17. Excerpt from industrial organization, continued. Division of Labour. The influence of machinery and limitations of the use of statical assumptions in regard to increasing return; Alfred Marshall, 393 --; 18. Of empty economic boxes; J.H. Clapham, 414 --; 19. Equity, efficiency and increasing returns; Donald J. Brown and Geoffrey Heal, 414 --; 20. Quasi optimality: the price we must pay for a price system; William J. Baumol, 429 --; Part IV. Monopoly and imperfect competition --; A. General --; 21. Simple monopoly and discriminating monopoly; A.C. Pigou, M.A., 455 --; 22. Comparisons of monopoly and competitive output; Joan Robinson, 480 --; 23. Pure and monopolistic competition compared; Edward Chamberlin, 492 --; 24. Product selection, fixed costs, and monopolistic competition; Michael Spence, 496 --; B. Social costs of monopoly --; 25. Monopoly and resource allocation; Arnold C. Harberger, 517 --; 26. The social costs of monopoly and regulation; Richard A. Posner, 528 --; 27. Efficient rent seeking; Gordon Tullock, 549 --; 28. The social costs of monopoly and regulation: posner reconsidered; Franklin M. Fisher, 565 --; Part V. Asymmetric and imperfect information --; 29. The market for lemons: quality uncertainty and the market mechanism; George A. Akerlof, 575 --; 30. Overinsurance and public provision of insurance: the roles of moral hazard and adverse selection; Mark V. Pauly, 588 --; 31. Equilibrium and adverse selection; Charles A. Wilson, 607 --; 32. The welfare economics of moral hazard; Richard Arnott, Joseph Stiglitz, 612 --; Part VI. Uncertainty --; 33. Does the consumer benefit from price instability?; Frederick V.Waugh, 629 --; 34. The desirability of price instability under perfect competition; Walter Y.Oi, 642 --; 35. The consumer does benefit from feasible price stability; Paul A. Samuelson, 649 --; 36. Consumer's surplus, price instability, and consumer welfare; Stephen J. Turnovsky, Haim Shalit, Andrew Schmitz, 667 --; Name index, 685; VOLUMEN 3 --; . Acknowledgements, ix --; An introduction and preface by the editors to all three volumes appear in Volume I --; Part I. Externalities and pigouvian taxation --; 1. Excerpt from divergences between marginal social net product and marginal private net product; A.C. Pigou, M.A., 3 --; 2. External economies and diseconomies in a competitive situation; J.E. Meade, 9 --; 3. The problem of social cost; R.H. Coase, 23 --; 4. Externality; James M. Buchanan and Wm. Craig Stubblebine, 67 --; 5. On taxation and the control of externalities; William J. Baumol, 81 --; 6. Prices vs. quantities; Martin L. Weitzman, 97 --; 7. The role of information in designing social policy towards externalities; J.A. Ordover, R.D. Willig, 112 --; 8. The limitations of pigouvian taxes as a long-run remedy for externalities; Dennis W. Carlton and Glenn C. Loury, 141 --; Part II. Ramsey pricing --; 9. A Contribution to the theory of taxation; F.P. Ramsey, 151 --; 10. On the management of public monopolies subject to budgetary constraints; M. Boiteux, 166 --; 11. Optimal departures from marginal cost pricing; William J. Baumol and David F. Bradford, 188 --; 12. Optimal taxation and public production I: production efficiency; Peter A. Diamond and James A. Mirrlees, 207 --; 13. Optimal taxation and public production II: tax rules; Peter A. Diamond and James A. Mirrlees, 227 --; Part III. Predatory pricing --; 14. Predatory pricing and related practices under section 2 of the sherman act; Phillip Areeda and Donald F.Turner, 247 --; 15. An economic definition of predation: pricing and product innovation; Janusz A. Ordover and Robert D. Willig, 284 --; 16. Predation and the logic of the average variable cost test; William J. Baumol, 330 --; Part IV. Regulation of prices --; A. Traditional regulation --; 17. Behavior of the firm under regulatory constraint; Harvey Averch and Leland L. Johnson, 359 --; 18. The traditional issues in the pricing of public utility services; Alfred E. Kahn, 377 --; B. Efficient regulation, stand-alone cost ceilings and price caps --; 19. Why regulate utilities?; Harold Demsetz, 417 --; 20. A regulatory adjustment process for optimal pricing by multiproduct monopoly firms; Ingo Vogelsang and Jorg Finsinger, 428 --; 21. Productivity incentive clauses and rate adjustment for inflation; William J. Baumol, 443 --; 22. Regulation of British Telecommunications; Stephen C. Littlechild, 451 --; 23. Contestability: developments since'the book; William J. Baumol and Robert D. Willig, 493 --; 24. The - regulation of multiproduct firms Part I: Theory and the regulation of multiproduct firms- Part II: Applications to competitive environments and policy analysis; Jean-Jacques Laffont and Jean Tirole, 521 --; C. Pricing of bottleneck inputs --; 25. The theory of network access pricing; Robert D. Willig, 589 --; 26. Having your cake: how to preserve universal-service cross subsidies while facilitating competitive entry; William J. Baumol, 633 --; Name index, 651 ER -