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A Primer for policy analysis

Author: Stokey, Edith ; Zeckhauser, RichardPublisher: Norton 1978.Language: EnglishDescription: x, 356 p. ; 24 cm.ISBN: 0393056880/0393090981Type of document: BookBibliography/Index: Includes bibliographical references and index
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Item type Current location Collection Call number Status Date due
Book Doriot Library
Main Collection
Print H61 .S87 1978
(Browse shelf)

Includes bibliographical references and index


Contents Preface i x Part I: Cornerstones 1. Thinking About Policy Choices 3 Our Approach to Policy Analysis The Plan of Attack A Framework for Analysis Some Practical Advice 2. Models: A General Discussion 8 Types of Models Choosing the "Right" Model The Advantages and Limitations of Models 3. The Model of Choice 22 The Alternatives Available to the Decision Maker The Decision Maker's Preferences The Best Choice What Practical Use for the Model of Choice? Part II: Nuts and Bolts 4. Difference Equations 47 A General Description and Some Easy Illustrations The General Form of a Difference Equation "Solving" Difference Equations More on Difference Equations in General Equilibrium and Stability Difference Equations with More Than One Variable Policy Issues Involving Stocks and Flows The Use of Difference Equations in Modeling vi Contents 5. Queues 74 A Simple Deterministic Model of a Toll Bridge Probabilistic Queuing Models The Essential Features of Queues Using a Queuing Model in Making Policy Changes Waiting Time as a Deadweight Loss A Note on Inventory Models A Perspective on Queues 6. Simulation 89 An Example of Computer Simulation: The Hypertension Clinic A Diffusion Model: Simulation of an Epidemic Macroeconomic Simulation Simulation as an Analytic Tool 7. Markov Models 98 Markov Chains Long-Term Analysis Using Markov Chains The Long-Run Equilibrium Probabilities Markov Processes 8. Defining Preferences 115 The Multiattribute Problem Ways to Attack the Multiattribute Problem Comparing Specific Outcomes of Possible Actions Determining the Entire Preference Structure: Objective Functions 9. Project Evaluation: Benefit-Cost Analysis 134 The Procedure Benefit-Cost Criteria: The Fundamental Rule Following the Fundamental Rule: Subsidiary Choice Criteria Applying the Fundamental Rule: Four Examples A Digression: Benefit/Cost Ratios Practice in Applying Benefit-Cost Criteria Estimating Benefits and Costs Cost Effectiveness Benefit-Cost Analysis and Redistributional Objectives Benefit-Cost Analysis in Perspective 10. The Valuation of Future Consequences: Discounting 159 The Mechanics: The Arithmetic of Present Value Discounting and the Fundamental Model of Choice The Choice of a Discount Rate Related Issues and Reservations Contents vii 11. Linear Programming 177 The Elements of a Linear Programming Problem The Technique of Linear Programming: The Transit Authority Repair Shop Shadow Prices More Examples of Linear Programming Problems Attacking the Right Problem Linear Programming as a General Approach The Limitations of Linear Programming The Role of Linear Programming in Decision Making 12. Decision Analysis 201 The Decision Tree: A Descriptive Model Decision Analysis: Folding Back and Choosing the Preferred Course of Action Allowing for Risk Aversion The Value of Information Drawing Inferences From Imperfect Tests Decision Analysis and a Contemporary Policy Issue The Uses of Decision Analysis Appendix: Utility Theory Part III: Ends and Means 13. Public Choice-To What Ends? 257 Society: What Is It? Differences in Prediction vs. Differences in Values Guidelines for Social Choice Individual Welfare: The Building Block for Evaluation A Far More Difficult Problem: Evaluating Social Welfare The Pareto Criterion: Making Social Welfare Responsive to Individual Welfare Defining a Criterion for Social Choice: The Social Welfare Function Developing Ad Hoc Procedures for Estimating Social Welfare Satisfactory Processes for Social Choice A Summing Up Appendix: Arrow's Impossibility Theorem 14. Achieving Desirable Outcomes 291 Then Why a Government at All? The Market System and Efficiency How the Market May Fail Ways to Cope with Market Failure The Government's Role in Dealing with Market Failure Positive Modes of Government Action An Overview of the Government's Role in Achieving Desirable Outcomes 15. Putting Analysis to Work 320 Establishing the Context Laying Out the Alternatives Predicting the Consequences Valuing the Outcomes Making a Choice Answers to Exercises Suggested Readings Index 347 337 331

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