Over last ten years, the media has gradually been playing an irreplaceable role in economic society. As efficient means of improving insufficient judicial protection, media plays an important role in disseminating public information, restraining the government’s behavior, shaping corporate...

Chapter from: 'Rising Inequality in China: Challenge to a Harmonious Society', edited by Shi Li, Hiroshi Sato and Terry Sicular.

This paper offers a new way of assessing government cash transfers using a social welfare function framework. It demonstrates how one can use social welfare functions to measure the efficiency of such program s without requir ing the specif ication of a poverty line or particular poverty...