Booktopia has been placed into Voluntary Administration. Orders have been temporarily suspended, whilst the process for the recapitalisation of Booktopia and/or sale of its business is completed, following which services may be re-established. All enquiries from creditors, including customers with outstanding gift cards and orders and placed prior to 3 July 2024, please visit https://www.mcgrathnicol.com/creditors/booktopia-group/
Add free shipping to your order with these great books
Efficiency and Equity in Welfare Economics : Lecture Notes in Economics and Mathematical Systems : Book 661 - PierCarlo Nicola

Efficiency and Equity in Welfare Economics

By: PierCarlo Nicola

eBook | 8 April 2016

At a Glance

eBook


RRP $84.99

$76.99

or 4 interest-free payments of $19.25 with

Instant Digital Delivery to your Booktopia Reader App

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.

on

More in Econometrics

Econometric Analysis of Regional Economy - Sachiyo Asahi

eBOOK

RRP $209.00

$188.99

10%
OFF
Handbook of Cliometrics - Claude Diebolt

eBOOK

RRP $1,614.23

$1,452.99

10%
OFF
The Palgrave Companion to Harvard Economics - Robert A. Cord

eBOOK

RRP $529.00

$476.99

10%
OFF