Abstract
This chapter explores property-compatible and state transfers as alternative approaches to social insurance. It covers both the rationales advanced in support of the different approaches and the actual operation of those programs.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Adler, M. D. and Posner, E. A. (1999). Rethinking Cost-Benefit Analysis (Working Paper No. 72). Chicago: Law School, University of Chicago.
Akehurst, R. L. and Culyer, A. J. (1974). “On the Economic Surplus and the Value of Life.” Bulletin of Economic Research 26: 63–78.
Arrow, K. J. (1963). Social Choice and Individual Values. New Haven: Yale University Press.
Arrow, K. J. and Fisher, A. (1974). “Environmental Preservation, Uncertainty, and Irreversibility.” Quarterly Journal of Economics 88 (2): 312–319.
Arrow, K. J. and Lind, R. C. (1970). Uncertainty and the Evaluation of Public Investment Decisions. American Economic Review 60: 364–378.
Ball, M. (1979). “Cost-Benefit Analysis: A Critique.” In Issues in Political Economy: A Critical Approach, Green, F. and Nore, P., eds. London: Macmillan.
Bateman, I. J. and Willis, K. G. (eds.) (1999). Valuing Environmental Preferences: Theory and Practice of the Contingent Valuation Method in the US, EU, and Developing Countries. Oxford: Oxford University Press.
Boadway, R. W. and Bruce, N. (1984). Welfare Economics. Oxford: Blackwell.
Bockstael, N. E. (1995). “Travel Cost Methods.” In The Handbook of Environmental Economics, Bromley, D. W., ed. Cambridge MA: Blackwell.
Bockstael, N. E., Strand, I. E., and Hanemann, M. (1987). “Time and the Recreation Demand Model.” American Journal of Agricultural Economics 69: 293–302.
Bonnieux, F. and Rainelli, P. (1999). “Contingent Valuation Methodology and the EU Institutional Framework.” In Valuing Environmental Preferences, Bateman, I. J. and Willis, K. G. eds. Oxford: Oxford University Press.
Brown, G. M. and Shogren, J. F. (1998). “Economics of the Endangered Species Act.” Journal of Economic Perspectives 12 (3): 3–20.
Campbell, D, T. and Stanley, J. C. (1963). Experimental and Quasi-experimental Designs for Research. Chicago: Rand-McNally.
Campen, J. T. (1986). Benefit, Cost, and Beyond: The Political Economy of Benefit-Cost Analysis. Cambridge: Ballinger.
Chipman, J. S. and Moore, J. C. (1980). “Compensating Variation, Consumers’ Surplus and Welfare.” American Economic Review 70: 933–949.
Cummings, R. G., Brookshire, D. S., and Schulze, W. D. (eds.) (1986). Valuing Environmental Goods: An Assessment of the Contingent Valuation Method. Totowa NJ: Rowman & Allanheld.
Daly, H. E. (1991). “Towards an Environmental Macroeconomics.” Land Economics 67 (2): 255–259.
Dasgupta, A. K. and Pearce, D. W. (1972). Cost Benefit Analysis: Theory and Practice. London: Macmillan.
DeAlessi, L. (1969). “Some Implications of Property Rights structures for Investment Choices within Government.” American Economic Review 79: 13–24.
Dreze, J. and Stern, N. (1987). “The Theory of Cost-Benefit Analysis.” In Handbook of Public Economics, Auerbach, A. J. and Feldstein, M., eds.. Vol. 2, pp. 909–990. Amsterdam: North-Holland.
Eckstein, O. (1961). “A Survey of the Theory of Public Expenditure Criteria.” In Public Finances: Needs, Sources, Utilization. Princeton: National Bureau of Economic Research.
Freeman, A. M, (1979). The Benefits of Environmental Improvement. Baltimore: Johns Hopkins University Press.
Freeman, A. M. (1993). The Measurement of Environmental and Resource Values. Washington: Resources for the Future.
Gittinger, J. P. (1982). Economic Analysis of Agricultural Projects. Baltimore: Johns Hopkins University Press.
Gum, R. L. and Martin, W. E. (1975). “Problems and Solution in Estimating the Demand for and Value of Rural Outdoor Recreation.” American Journal of Agricultural Economics 57: 558–566.
Hanemann, M. (1991). “Willingness to Pay and Willingness to Accept: How Much Can They Differ?” American Economic Review 81 (3): 653.
Hardin, E. and Borus, M. (1971). The Economic Benefits and Costs of Retraining. Lexington MA: Heath Lexington.
Harrison, A. J. and Quarmby, D. A. (1974). “The Value of Time.” In Cost-Benefit Analysis, Layard, R., ed. Baltimore: Penguin.
Harrison, D. and Rubinfeld, D. L. (1978). “The Air Pollution and Property Value Debate: Some Empirical Evidence.” Review of Economics and Statistics 60: 635–638.
Haveman, R. and Krutilla, J. V. (1968). Unemployment, Idle Capacity, and the Evaluation of Public Expenditures. Baltimore: Johns Hopkins Press.
Hoehn, J. P., Berger, M. C., and Blomquist, G. C. (1987). “A Hedonic Model of Interregional Wages, Rents, and Amenity Values.” Journal of Regional Science 27: 605–620.
Hoehn, J. P. and Randall, A. (1989). “Too Many Proposals Pass the Benefit Cost Test” American Economic Review 79 (3): 544–551.
Jones-Lee, M. W. (1976). The Value of Life: An Economic Analysis. Chicago: University of Chicago Press.
Kelman, S. (1981). “Cost-Benefit Analysis: An Ethical Critique.” Regulation 5 (January–February): 33–40.
Kopp, R. J. and Portney, P. R. (1999). “Mock Referenda for Intergenerational Decisionmaking.” In Discounting and Intergenerational Equity, Portney, P. R. and Weyant, P. P., eds., pp. 87–98, Washington: Resources for the Future.
Krutilla, J. V. (1967). “Conservation Reconsidered.” American Economic Review 57 (4): 777–786.
Kuhn, T. E. (1962). Public Enterprise Economics and Transport Problems. Berkeley: University of California Press.
Leibenstein, H. (1987). Inside the Firm: The Inefficiencies of Hierarchy. Cambridge: Harvard University Press.
Lesser, F. and Zerbe, Richard O., Jr. (1998). “A Practitioner’s Guide to Benefit-Cost Analysis.” In Handbook of Public Finance, Thompson, F. and Green, M. T, eds. New York: Marcel Dekker.
Lewis, A. (1972). “Reflections on Unlimited Labor.” In International Economic Development: Essays in Honor of Raul Prebisch, Marco, L. D., ed. New York: Academic Press.
Little, I. M. D. (1957). A Critique of Welfare Economics. London: Oxford University Press.
Little, I. M. D. and Mirlees, J. A. (1974). Project Appraisal and Planning for Developing Countries. New York: Basic Books.
Majone, G. (1989). Evidence, Argument and Persuasion in the Policy Process. New Haven: Yale University Press.
McFadden, D. (1994). “Contingent Valuation and Social Choice.” American Journal of Agricultural Economics 76 (Nov.): 686–708.
Mishan, E. J. (1976). Cost-Benefit Analysis, 2nd ed. New York: Praeger.
Mishan, E. J. (1981). Economic Efficiency and Social Welfare. London: Allen and Unwin.
Mishan, E. J. (1982). “The New Controversy about the Rationale of Economic Evaluation.” Journal of Economic Issues 16: 29–47.
Mishan, E. J. (1988). Cost-Benefit Analysis, 4th ed. London: Unwin Hyman.
Pearce, D. W., Markandya, A., and Barbier, E. (1989). Blueprint for a Green Economy. London: Earth Scan.
Pearce, D. W. and Nash, C. A. (1981). Social Appraisal of Projects: A Text in Cost-Benefit Analysis. London: Macmillan.
Pohl, G. and Mihaljek, D. (1992). “Project Evaluation and Uncertainty in Practice: A Statistical Analysis of Rate-of-return Divergences of 1,015 World BankProjects.” World Bank Economic Review 6 (2): 255–277.
Robison, L. J. and Barry, P. J. (1996). Present Value Models and Investment Analysis. Northport AL: Academic Page.
Samuels, W. J. and Schmid, A. A. (1997). “The Concept of Cost in Economics.” In The Economy As A Process of Valuation, Samuels, W. J., Medema, S. G., and Schmid, A. A., eds. Cheltenham: Edward Elgar.
Samuelson, P. (1963). Foundations of Economic Analysis. Cambridge: Harvard University Press.
Schmid, A. A. (1989). Benefit-Cost Analysis: A Political Economy Approach. Boulder: Westview Press.
Sen, A. (1979). “The Welfare Basis of Real Income Comparisons.” Journal of Economic Literature 17(1): 1–45.
Sen, A. (1985). Commodities and Capabilities. Amsterdam: North Holland.
Shabman, L. and Stehenson, K. (1996). “Searching for the Correct Benefit Estimate: Empirical Evidence for an Alternative Perspective.” Land Economics 72 (4): 433–449.
Slesnick, D. T. (1998). “Empirical Approaches to the Measurement of Welfare.” Journal of Economic Literature 36 (Dec.): 2108–2165.
Smith, R. J, (1971). “The Evaluation of Recreation Benefits: The Clawson Method in Practice.” Urban Studies 8 (2): 82–102.
Solo, R. M. (1999). “Foreword.” In Discounting and Intergenerational Equity, Portney, P. R. and Weyant, J. P., eds. Washington: Resources for the Future.
Stiglitz, J. E. (1987a). “The Causes and Consequences of the Dependence of Quality on Price.” Journal of Economic Literature 25: 1–48.
Stiglitz, J. E. (1987b). “The Wage-Productivity hypothesis: Its Economic and policy Implications.” In Modern Developments in Public Finance, Boskin, M., ed. Oxford: Basil Blackwell.
Stilwell, F. (1999). “Cost-Benefit Analysis.” In Encyclopedia of Political Economy, O’Hara, P. A., ed. London: Rutledge.
Sugden, R. and Williams, A. (1978). The Principles of Practical Cost-Benefit Analysis. Oxford: Oxford University Press.
Tengs, T. and Graham, J. D. (1996). “The Opportunity Cost of Haphazard Social Investments in Life Savings.” In Risks, Costs and Lives Saved, Hahn, ed. Oxford: Oxford University Press.
Tresch, R. W. (1981). Public Finance. Plano TX: Business Publications.
Vatn, A. and Bromley, D. (1994). “Choices without Prices without Apologies.” Journal of Environmental Economics and Management 26: 129–148.
Vining, A. R. and Wimer, D. L. (1998). “Passive Use Benefits: Existence, Option, and Quasi-Option Value.” In Handbook of Public Finance, Thompson, F. and Green, M. T., eds. New York: Marcel Dekker.
Viscusi, W. K. (1996). “Economic Foundations of the Current Regulatory Reform Efforts.” Journal of Economic Perspectives 10: 119–131.
Wildavsky, A. (1969). “Rescuing Policy Analysis from PPBS.” Public Administration Review 29: 198–220.
Zerbe, R. O. and Dively, D. D. (1994). Benefit-Cost Analysis In Theory and Practice. New York: Harper Collins.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2005 Springer Science + Business Media, Inc.
About this chapter
Cite this chapter
Schmid, A.A. (2005). Economic Analysis and Efficiency in Public Expenditure. In: Backhaus, J.G., Wagner, R.E. (eds) Handbook of Public Finance. Springer, Boston, MA. https://doi.org/10.1007/1-4020-7864-1_15
Download citation
DOI: https://doi.org/10.1007/1-4020-7864-1_15
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4020-7863-7
Online ISBN: 978-1-4020-7864-4
eBook Packages: Business and EconomicsEconomics and Finance (R0)