'Welfare function' presentation slideshows

The Compensation Principle and Social Welfare Function

The Compensation Principle and Social Welfare Function. Chapter 3. Incompleteness of Pareto Criterion. Pareto criterion is useless as a criterion for social choices in many real-world situations since most policy changes produce both gainers and losers

820 views • 54 slides

Economic Models and Economic Policies

Economic Models and Economic Policies. Nico van der Windt 5 December 2005. Content of the presentation. Economic Policies Economic Models Use of Economic Models in Economic Policies Usefulness of Economic Models in Economic Policies Czech example Some Conclusions. Economic Policies.

706 views • 48 slides

Economic Models and Economic Policies

Economic Models and Economic Policies. Nico van der Windt 5 December 2005. Content of the presentation. Economic Policies Economic Models Use of Economic Models in Economic Policies Usefulness of Economic Models in Economic Policies Czech example Some Conclusions. Economic Policies.

491 views • 48 slides

EC9A4 Social Choice and Voting Lecture 1

EC9A4 Social Choice and Voting Lecture 1. Prof. Francesco Squintani f.squintani@warwick.ac.uk. Syllabus. 1. Social Preference Orders May's Theorem Arrow Impossibility Theorem (Pref. Orders) 2. Social Choice Functions Arrow Impossibility Theorem (Choice Funct.)

530 views • 37 slides

Characterizing distribution rules for cost sharing games

Characterizing distribution rules for cost sharing games. Raga Gopalakrishnan Caltech. Joint work with Jason R. Marden & Adam Wierman. Cost sharing games:. Self-interested agents make decisions, and share the incurred cost among themselves. Key Question: How should the cost be shared?.

407 views • 31 slides

Welfare Analysis for Behavioral Models

A Welfare Criterion For Models with Distorted Beliefs Markus Brunnermeier, Alp Simsek & Wei Xiong. Welfare Analysis for Behavioral Models. Vast evidence on people holding wrong beliefs and making inefficient decisions.

364 views • 24 slides

Total Output, x

208 views • 19 slides

Measuring Societal Welfare: Concepts and Objections.

Measuring Societal Welfare: Concepts and Objections. This course is about measuring and comparing aspects of wellbeing. Before we do so we need to look at some theoretical foundations for, and objections to, the activity. The Social Welfare Function.

255 views • 14 slides