Search Results - subject:"Welfare maximization"

A Contribution to the Theory of Optimal Utilitarian Income Taxation

Hellwig, Martin - Max-Planck-Institut zur Erforschung von … - 2005

The paper provides a new proof of the positivity of the optimal marginal income tax, in a more general model, under weaker assumptions. The analysis focusses on the (weakly) relaxed problem in which upward incentive constraints are replaced by a monotonicity condition on consumption. Without...

Persistent link: https://www.econbiz.de/10005272727

A concern about low relative income, and the alignment of utilitarianism with egalitarianism

Stark, Oded; Kobus, Martyna; Jakubek, Marcin - In: Economics Letters 114 (2012) 3, pp. 235-238

A utilitarian social planner who maximizes social welfare assigns the available income to those who are most efficient in converting income into utility. However, when individuals are concerned about their income falling behind the incomes of others, the optimal income distribution under...

Persistent link: https://www.econbiz.de/10010572193

Fan welfare maximization as a club objective in a professional sports league

Madden, Paul - In: European Economic Review 56 (2012) 3, pp. 560-578

fan welfare maximization as a club objective in a sports league is provided, with comparisons to objectives studied … of capacity crowds; empirically observed ticket black markets and inelastic pricing are consistent only with fan welfare … maximization. Normatively, social welfare (aggregate league surplus) is well-served by a league of fan welfare maximizers, or …

Persistent link: https://www.econbiz.de/10010573223

Fan welfare maximization as a club objective in a professional sports league

Madden, Paul - In: European economic review : EER 56 (2012) 3, pp. 560-578

Persistent link: https://www.econbiz.de/10009657477

Household Decisions and Equivalence Scales

Ebert, Udo; Moyes, Patrick - Groupement de Recherche en Économie Quantitative … - 2004

Considering an economy with two goods {a private good and a household good with a variable degree of publicness {and identical individuals, the paper investigates the implications for economies of size of two extreme households' decision rules: (i) the cooperative model, where households...

Persistent link: https://www.econbiz.de/10005292382

A quantitative model of regulator’s preference factor (RPF) in electricity–environment coordinated regulation system

Ren, Yulong; Fu, Shijun - In: Energy 35 (2010) 12, pp. 5185-5191

This paper explores quantification of regulator’s preference factor (RPF) in electricity–environment coordinated regulation system. Based on social welfare economics, we articulately depict RPF’s qualitative concept and its economic meaning. Then, applying abstract functions (i.e.,...

Persistent link: https://www.econbiz.de/10010811102

Intergenerational Justice When Future Worlds are Uncertain

Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - Barcelona Graduate School of Economics (Barcelona GSE) - 2010

of the human species in the future. We conclude by discussing the implications for intergenerational welfare maximization …

Persistent link: https://www.econbiz.de/10010547285

A Cost-Benefit-Based Analytical Model for Finding the Optimal Offering of Software Services

Latt, Khin Swe; Altmann, Jorn - Technology Management, Economics and Policy Program … - 2010

In this paper, we introduce an analytical model for maximizing social welfare, which can be used for finding the optimal offering of a set of software services. The analytical model also explains the impact of service flexibility on customer¡¯s selection of business services and on the revenue...

Persistent link: https://www.econbiz.de/10008783920

Utilitarian mechanism design for an excludable public good

Hellwig, Martin - In: Economic Theory 44 (2010) 3, pp. 361-397

Persistent link: https://www.econbiz.de/10008455947

“Intergenerational justice when future worlds are uncertain”

Silvestre, Joaquim; Silvestre, Joaquim; Roemer, John E.; … - Economics Department, University of California-Davis - 2009

human species in the future. We conclude discussing the implications for intergenerational welfare maximization in the …

Persistent link: https://www.econbiz.de/10008620514