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Applied Welfare Economics, Trade, and Agricultural Policy Analysis (Hardcover)
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Applied Welfare Economics, Trade, and Agricultural Policy Analysis (Hardcover)
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This textbook integrates three related fields in economics, namely
agricultural/forestry economics, environmental economics, and
international trade, by foregrounding cost-benefit analysis as a
significant policy tool. Exploring how welfare measures can be used
in the analysis of agricultural, trade, and other economic
policies, Applied Welfare Economics, Trade, and Agricultural Policy
Analysis fills a gap in the literature on agricultural policy
analysis by explaining the economic efficiency improvements and
income transfers of various agricultural policy reforms in the
United States, Canada, and the European Union. G. Cornelis van
Kooten addresses methods of identifying and measuring economic
surpluses (costs and benefits), the precautionary principle,
identification of an appropriate discount rate, the importance of
nonmarket values, and the role of agriculture in trade negotiations
and climate change. Applied Welfare Economics, Trade, and
Agricultural Policy Analysis draws on new research, brings
attention to the existing literature, and includes review questions
at the end of each chapter. The techniques developed in this text
can be applied to the development and reform of agricultural
policies in various regions.
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