professional literatures of two key concepts bearing upon the evaluation of Pareto efficiency and social welfare maximization as …

SOE to charge a price lower than the monopoly price until competition arises. We propose the “Welfare Maximization (WM …

global welfare maximization, not on global income maximization, taking into consideration the impact of income change on …

This article examines the extent to which utilitarian social welfare maximization results in an egalitarian outcome for … heterogeneous tastes. It is shown that utilitarian social welfare maximization results in surplus-egalitarianism---i.e., first … introduction of subsistence needs---utilitarian social welfare maximization requires that agents with high subsistence needs be …