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Articles 1 - 3 of 3
Full-Text Articles in Economic Theory
Productive Complements: Too Often Neglected In The Principles Course?, Gary Galles, Philip E. Graves, Robert L. Sexton
Productive Complements: Too Often Neglected In The Principles Course?, Gary Galles, Philip E. Graves, Robert L. Sexton
PHILIP E GRAVES
Many great economic thinkers, including Alfred Marshall and William Stanley Jevons discussed the importance of joint production, or productive complements, and there are important applications. Yet many students today could complete an economics major and never be introduced to this important concept.
Benefit-Cost Analysis Of Enviromental Projects: A Plethora Of Biases Understating Net Benefits, Philip E. Graves
Benefit-Cost Analysis Of Enviromental Projects: A Plethora Of Biases Understating Net Benefits, Philip E. Graves
PHILIP E GRAVES
There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores sources of bias in the methods used to evaluate environmental policy in the United States, although most of the arguments translate immediately to decision-making in other countries. There are some “big picture” considerations that have gone unrecognized, and there are numerous more minor, yet cumulatively important, technical details that point to potentially large biases against acceptance on benefit-cost …
Monopoly Supply, G. K. Kripalani, G. S. Tolley, Philip E. Graves, Robert L. Sexton
Monopoly Supply, G. K. Kripalani, G. S. Tolley, Philip E. Graves, Robert L. Sexton
PHILIP E GRAVES
There is no abstract for this brief contribution.