Triangles and all that

Arnold C. Harberger

Chapter 2 in Teaching Benefit-Cost Analysis, 2018, pp 16-39 from Edward Elgar Publishing

Abstract: This chapter presents a simple exposition of general equilibrium applied welfare economics. It focuses first on the efficiency costs of a set of tax distortions on different goods, and then explores the efficiency effects of adding a new tax to a set of already existing ones. It near considers non-tax distortions such as pollution and traffic congestion, followed by a discussion of distributional weights and basic needs externalities. Finally, it deals briefly with several strategic issues involved in implementing a national system for the benefit-cost analysis of public investments and other expenditures.

Keywords: Economics and Finance; Teaching Methods (search for similar items in EconPapers)
Date: 2018
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