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Cost-Benefit Analysis of Multi-level Government

Price: £41.99
  • Author: Ferrara, Alessandro
  • ISBN: 9781135166625
  • Print ISBN: 9780415568210
  • Publisher: Taylor and Francis
  • Publication Year: 2010
  • Pages: 353
  • Ebook format: PDF

This book provides an original framework to assess public investment policies co-financed by Union (Federal) governments. This framework is applied to two important case studies: the EU Cohesion Policy and the US Federal Investment Policies.

Cost-Benefit Analysis of Multi-Level Government sheds light on a number of outstanding issues of economic theory by extending the theory of shadow prices, and provides guidance to real-world decision makers. In particular, the following questions are addressed:

  • Under which theoretical circumstances, higher level government intervention in Member States through investment policies is justified?

  • Is there any new welfare economics rationale underpinning interregional equity? What is the relationship between interregional and interpersonal income distribution? How can social exclusion be included in cost-benefit tests?

  • How can higher level government budget funds to investment policies before it bargains programming documents with lower tiers of government by considering also their response function?

  • In these circumstances, how can optimal matching rates be derived assuming binding and non binding budgetary constraints?

  • Can such a theoretical framework be applied for guidance to real-world decision makers?

The book will be of interest to policy makers, postgraduate students and researchers in cost-benefit analysis, welfare economics, public choice, public finance, multi-level government economics, and income distribution issues.

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