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Efficiency and Equity in Welfare Economics
Piercarlo Nicola
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Description for Efficiency and Equity in Welfare Economics
Paperback. 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. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 168 pages, 5 black & white illustrations, biography. BIC Classification: KCR. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 9. Weight in Grams: 248.
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 ... Read more
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 ... Read more
Product Details
Format
Paperback
Publication date
2012
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
168
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
156
Place of Publication
Berlin, Germany
ISBN
9783642300707
SKU
V9783642300707
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Piercarlo Nicola
PierCarlo Nicola was Professor of Mathematical Economics at the University of Milan, 1975-2009. Academician, Accademia Nazionale dei Lincei (Rome), since 2009 and Member of Istituto Lombardo, Accademia di Scienze e Lettere, Milan, since 1996.
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