Efficiency and Welfare

PierCarlo Nicola
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PierCarlo Nicola: Università di Milano

Chapter Chapter 5 in Efficiency and Equity in Welfare Economics, 2013, pp 41-47 from Springer

Abstract: Abstract This chapter simultaneously considers social welfare and efficiency. If social production, Φ, and social welfare, W, were functions whose values could be quantitatively measured in the same units, one could choose a weight, σ, verifying 0

Keywords: Social Welfare; Income Distribution; Economic Agent; Incentive Scheme; Social Welfare Function (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/978-3-642-30071-4_5

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