Efficiency and Equity in Welfare Economics

Business & Finance, Economics, Public Finance, Theory of Economics
Cover of the book Efficiency and Equity in Welfare Economics by PierCarlo Nicola, Springer Berlin Heidelberg
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: PierCarlo Nicola ISBN: 9783642300714
Publisher: Springer Berlin Heidelberg Publication: October 16, 2012
Imprint: Springer Language: English
Author: PierCarlo Nicola
ISBN: 9783642300714
Publisher: Springer Berlin Heidelberg
Publication: October 16, 2012
Imprint: Springer
Language: English

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 both efficiency and equity, i.e. taxes and subsidies, implemented by a public authority. The model is numerically implemented and considers a set of economic agents with starting incomes that satisfy Pareto income law under various values of the alpha parameter. Also, the model implementations respect the social production function. Various experiments are presented which show how income inequality (measured by means of the Lorenz curve and, what I call, the Lorenz-Gini inequality index) and measures of poverty are sensibly reduced by redistributing national income without lowering efficiency in production. A case study, or application, of Italian personal income in 2008 is also presented.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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 both efficiency and equity, i.e. taxes and subsidies, implemented by a public authority. The model is numerically implemented and considers a set of economic agents with starting incomes that satisfy Pareto income law under various values of the alpha parameter. Also, the model implementations respect the social production function. Various experiments are presented which show how income inequality (measured by means of the Lorenz curve and, what I call, the Lorenz-Gini inequality index) and measures of poverty are sensibly reduced by redistributing national income without lowering efficiency in production. A case study, or application, of Italian personal income in 2008 is also presented.

More books from Springer Berlin Heidelberg

Cover of the book Mathematisches Argumentieren, Begründen und Beweisen by PierCarlo Nicola
Cover of the book Mitarbeiter wirksam motivieren by PierCarlo Nicola
Cover of the book Dynamic Games in Economics by PierCarlo Nicola
Cover of the book Employment Location in Cities and Regions by PierCarlo Nicola
Cover of the book Botulinum Neurotoxins by PierCarlo Nicola
Cover of the book OP-Handbuch by PierCarlo Nicola
Cover of the book Cutaneous Lymphomas, Pseudolymphomas, and Related Disorders by PierCarlo Nicola
Cover of the book Grundfragen der Medienwirtschaft by PierCarlo Nicola
Cover of the book Biomedical Inorganic Polymers by PierCarlo Nicola
Cover of the book Auf der Spur der Hacker by PierCarlo Nicola
Cover of the book Issues in Teaching, Learning and Testing Speaking in a Second Language by PierCarlo Nicola
Cover of the book Advances in Wind Energy Conversion Technology by PierCarlo Nicola
Cover of the book Rechtsmedizin by PierCarlo Nicola
Cover of the book Investing in China through Free Trade Zones by PierCarlo Nicola
Cover of the book Continental-Crust Structures on the Continental Margin of Western North America by PierCarlo Nicola
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy