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Evaluating the welfare state. (English) Zbl 1013.91100
Strøom, Steinar (ed.), Econometrics and economic theory in the 20th century. The Ragnar Frisch centennial symposium. Papers from the symposium held in Oslo, Norway, March 3-5, 1995. Cambridge: Cambridge University Press. Econ. Soc. Monogr. 31, 241-318 (1998).
Conditions are described under which the conventional econometric analysis of “treatment effects” provides part of the information required to conduct the general-equilibrium cost-benefit analysis. Methods to reveal subjective evaluations to supplement complement the objective evaluations.
For the entire collection see [Zbl 0944.00092].

MSC:
91B82 Statistical methods; economic indices and measures
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