Efficiency and Equity in Welfare Economics

• Main Author: Nicola, PierCarlo (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2013.
• Series: Lecture Notes in Economics and Mathematical Systems, 661
• Subjects: Economic theory.; Microeconomics.; Public finance.; Economics.; Economic Theory/Quantitative Economics/Mathematical Methods.; Public Economics.

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 bot...