Core Welfare Modeling Factors
Chris Harris
Chapter 4 in Utility and Welfare Optimization, 2015, pp 67-139 from Palgrave Macmillan
Abstract:
Abstract Our objective in this book is to establish welfare functions that can be used in policy. Our key factors are utility, welfare, surplus, and inequality. We have established how these are related to the politics, political economics, and approach to contract. We now view how they are connected to each other.
Keywords: Utility Function; Marginal Utility; Indifference Curve; Capital Asset Price Model; Hyperbolic Discount (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37100-3_4
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DOI: 10.1007/978-1-137-37100-3_4
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