Product Description: Many things inform a country's choice of tax system, including political considerations, public opinion, bureaucratic complexities, and ideas drawn from theoretical analysis. In this book, Robin Boadway examines the role of optimal tax analysis in informing and influencing tax policy design...read more

Product Description: This study stems from the observation that the gain of an EDFA (erbium doped fiber amplifier) is in general wavelength-dependent, leading to different amplification levels among WDM (wavelength division multiplexing) channels...read more

Product Description: Canada is hardly unique in this respect. Countries around the world are engaged in similar debates, and their experience holds important lessons. Through the perspectives of international and Canadian researchers, Reform of Retirement Income Policy focuses on many key reform issues: future income prospects for the elderly, roles of the public and private sectors, fairness and intergenerational equity, affordability and economic impacts, public expectations, and political constraints...read more

This clear and balanced introduction to welfare economics reflects the most recent advances in the field. Designed for third-year undergraduate and graduate courses, it offers an extensive treatment of both the theory of welfare economics and the techniques for applying that theory to real problems. The first part of the book presents a synthesis of the theory. Starting from the premise that the purpose of theory is to provide criteria for ordering alternative economic states, the authors analyse the relationship between individual and social orderings. They discuss the conditions of Pareto efficiency and optimality as well as the ways in which market economies may fail to achieve a Pareto optimal allocation of resources. They go on to evaluate the theory of social welfare functions, paying particular attention to recent developments. The second part of the book considers the principles of applied welfare economics. Developing the use of the compensating variation as their main tool, the authors discuss welfare change measurement in single-person and many-person economies. In the final chapter they survey the recent literature on cost-benefit analysis.