Welfare Economics

Introduction The past 10 years under Prime Minister Narendra Modi saw a series of crucial economic reforms that include the Goods and Services Tax [1] and the Insolvency and Bankruptcy …

‘povertarian’ policies and continued with welfare economics though not at the cost of wealth creation …

The governance and transaction cost insights of Oliver Williamson (1975, 1985, 1996, 2010) and Ronald Coase (1937, 1992) have framed antitrust polices and firm management strategies. Transaction cost economics explain …

549–552. Hicks, J. (1939). The foundations of welfare economics. The Economic Journal. 49 (196): 696– 712 …

Firms often exploit loopholes in government contracts to boost revenues. The welfare consequences of this behavior depend on how firms use the marginal windfall dollar, yet little evidence exists to …

Arrow, Kenneth. 1963. “Uncertainty and the Welfare Economics of Medical Care.” American Economic Review …

This paper analyzes frameworks for the design of the rules for international trading, assuming that it is possible to have some rule of law. In the Arrow-Debreu benchmark, where there …

give rise to the fundamental theorems of welfare economics, showing that (under the assumed conditions) … As we noted, the fundamental theorems of welfare economics assume that there is no innovation. 35 The … environment, the first fundamental theorem of welfare economics holds—the decentralized market solution is …

Summary Overuse of low-value healthcare services, providing little or no benefit or even avoidable harm to patients, is a common problem in Canadian healthcare systems, and one that likely contributes …

Arrow, Kenneth J. (1963). Uncertainty and the Welfare Economics of Medical Care. American Economic Review …

We study the role of risk preferences and frictions in portfolio choice using variation in 401(k) default options. Patterns of active choice in response to different default funds imply that, …

more broadly to the literature on behavioral welfare economics (e.g., Bernheim and Rangel 2009; Allcott and …

It is equal to the percentage difference between the marginal product and the price of the production factor, regardless of the type of market friction. [...] (24a) Pi ∂Xj We …

104–119. Hicks, John R., “The Foundations of Welfare Economics,” The Economic Journal, 1939, 49 (196), 696–712 … Public Finance Approach,” Microeconomics: Welfare Economics & Collective Decision-Making eJournal, 2018 …

Development finance institutions and international financial institutions are increasingly being asked to deliver 'marketlevel impact' through their operations. This paper explores how these institutions consider market effects in their impact …

as flood control. Later, the insights of welfare economics were incorporated into CBAs to give social …

Los choques y las crisis generan inestabilidad en los ingresos de los hogares, y complican la tarea de seleccionar los beneficiarios de los programas sociales. En este estudio, comparamos el …

of subsistence consumption for economic welfare. Economics Letters 158:30–3. Disponible en: https://doi …

Adherence to the values expressed through academic integrity forms a foundaon for the "freedom of inquiry and exchange of ideas" essenal to the intellectual life of the University (see the …

of benefits A fundamental tool of applied welfare economics is the willingness to pay (WTP) principle …