Reference-price-independent welfare prescriptions
Article Abstract:
Social welfare impact of variations in price and income are usually determined through equivalent incomes that are computed using a reference price vector. An aggregator with equivalent incomes as arguments rather than social welfare function is also used. The implications of reference price vector choice on the determination ofsocial welfare impact is investigated to differentiate individualized prices from individuals having a similiar price vector. Preferences and aggregators which result in reference-price-independent welfare prescriptions are described.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Can waste improve welfare?
Article Abstract:
A new study investigates whether it is possible, in theory, for taxes to have a beneficial effect on welfare and growth.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Endogenous authoritarian property rights
Article Abstract:
A new study analyses the interaction between taxation and the property rights enforcement of a proprietary state.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Agency and the design of welfare systems. Unemployment compensation finance and labour market rigidity. Redistribution and employment policies with endogenous unemployment
- Abstracts: An emprical investigation of coalitional barganing procedures. An experimental comparison of collective choice procedures for excludable public goods
- Abstracts: Government intervention in the housing market: an empirical test of the externalities rationale. Coalition building in a spatial economy
- Abstracts: And the whip comes down. Advances in cameras are leading to better resolution, sensitivity. Quicker is better as pagers play bigger role in dispatching help
- Abstracts: Making key management a sure bet. Laptop theft soars; prevention includes lock-downs, RFID. Integrated approach includes information security