Welfare Theory: History and Modern Results

Thomas Aronsson () and Löfgren, Karl-Gustaf ()
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Thomas Aronsson: Department of Economics, Umeå University, Postal: S 901 87 Umeå, Sweden
Löfgren, Karl-Gustaf: Department of Economics, Umeå University, Postal: S 901 87 Umeå, Sweden

No 726, Umeå Economic Studies from Umeå University, Department of Economics

Abstract: This paper contains a fairly brief, but self-contained, version of the history of welfare economics, as well as the more modern welfare results. We introduce public goods and asymmetric information, and we hint at some of the modern mechanism design results. The paper also contains a section on welfare measures in a dynamic economy.

Keywords: Welfare Theory (search for similar items in EconPapers)
JEL-codes: D60 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-his and nep-hpe
Date: 2007-11-20
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