Suchergebnisse

This valuable and engaging new book bears eloquent testimony to A.P. Thirlwall's substantial contribution to economics over the last 40 years. The volume does not attempt to provide a comprehensive review of such a prolific figure, but rather demonstrates the considerable influence that his work on economic theory has had on his contemporaries, and the profession as a whole. From his early pioneering research in regional and labor economics to his more recent exploration of growth and development economics, leading experts in the field bear witness to the significant role he has played in the

The external costs of transport are important in the analysis of transport policies and projects. Such analyses require the estimation of external costs on a consistent and appropriate basis. It is appropriate to measure these costs at the margin, and in this paper, for the first time, the marginal external costs for UK passenger transport are estimated. These costs were estimated by type and time of journey for different sectors of the UK passenger transport market. Where necessary, new techniques and models were developed to estimate marginal external costs. Otherwise, standard techniques and existing valuations were used. The estimates of the marginal external costs of local air pollution and global warming are surprising low. Possible errors and omissions are examined for these estimates.

Cost-benefit and cost-effectiveness analyses have become widely used tools for the justification of leisure-related expenditures, but are based on a number of inadequate assumptions. The narrow conceptualisations both of outputs and of inputs, and an oversimplified production function linking them are the main problems. Participation is usually assumed to provide an adequate measure of output or benefit accruing to the participant, but it is a measure neither of demand nor of supply, and it ignores the individual-level production that is so characteristic of services. Inputs have previously been equated with resources, to the neglect of nonresource influences on output. An alternative 'production of welfare' approach is described, and its implications for cost-benefit evaluations—and for efficiency studies generally—are examined.