Efficiency and Equity in Welfare Economics

• Main Author: Nicola, PierCarlo. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2013.
• Series: Lecture Notes in Economics and Mathematical Systems, 661
• Subjects: Economics.; Microeconomics.; Finance.; Economics/Management Science.; Economic Theory.; Public Finance & Economics.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-642-30071-4

Increasing efficiency in generating national income and improving equity in its distribution among economic agents is at the forefront of priorities of most modern economies. This book presents a model which aims to maximize a symmetrical welfare function under certain constraints which consider bot...

Table of Contents:

• Overview
• Inequality, Poverty, and Welfare: Social Welfare and Income Distributions
• Inequality and Poverty Indexes
• Welfare and Efficiency: Inequality, Efficiency, and the Production Sphere
• Efficiency and Welfare
• Information Incentives and Performance
• Summary Example and Numerical Simulations: A Summary Example
• Implementing the Example: One Time Period
• Dynamics: Many Time Periods
• Final Remarks
• Appendix: Implementing 2008 Income Data for Italy.