Welfare economics

Journal of Mathematical Economics 46 (2010) 326–331 Contents lists available at ScienceDirect Journal of Mathematical Economics journal homepage: www.elsevier.com/locate/jmateco Efficient, Pareto-improving processes Kwan Koo Yun Economics Department, SUNY at Albany, Albany, NY 12222, United States a r t i c l e i n f o a b s t r a c t We give two optimization programs for determining whether Pareto improving local changes are possible. When they are, the programs compute them

travailler aussi ce domaine, mais plutôt une approche philosophique des problèmes économiques et sociaux, en dialogue avec les débats des économistes, en particulier avec ceux qui occupent le sous-champ un peu marginal qu’est l’économie du bien-être (welfare economics). Si la philosophie critique de l’école de Francfort a mené avec brio, et beaucoup d’écho en France, le travail d’exploration des enjeux politiques et sociaux de la modernité – philosophie de la reconnaissance, démocratie communicationnelle,

Precedents or documents ( appendixes ) To support our key argument which is the guest satisfaction and the long term relation we have with S&F tours, we will give them the golden book of the Hotel. On this book, we have, since the opening of the hotel, gathered all the reviews of the guests which are in majority positive ones. This will allow us to show S&F Tours that in this region our hotel is unique and perfectly adapted to their clients and that the good reputation they have in Spain is thanks

Africa: The rise of a Long Forsaken continent I. African Dream 1. A new economic target For a long time Africa has been neglected by international investors, but the situation has changed. Indeed African countries are attracting more and more foreign investors. Africa is becoming therefore a new economic target. We will see at first the reasons why foreign investors are now more confident in the potential of African countries? Africa natural resources is certainly the main reason

Economic Glossary Adverse selection is the phenomenon that, as an insurance company raises its price, the best risks (those least likely to make a claim) drop out, so the mix of applicants changes adversely. Theoretically, adverse selection in the health sector can be overcome by having a universal health care system that covers everyone, not just those at low risk. Asymmetric information is a situation in which the parties to a transaction have different information, as when the seller of a used

Why is aging important for financial planning? Nowadays one of the biggest politic and economic issues is the aging of the world’s population. The structure of the society resumed in age brackets should have the form of a pyramid. The base of the pyramid, the largest part, represents the labour forces, and at the top it shows the part of the pensioners. It is the only way to make work the economic system of every country. Younger people pay for the pensions of the old ones. More the younger population

every good has some friend and is enemy to some factor. Further the non-traded good is both consumed and used as input in production and the unskilled wage in some sectors is indexed to the commodity prices.The former fact removes clear division of economic resources between commodities/goods and factors which is critical for the last result to hold. The latter one rules out complete determination of changes in factor rewards by the supply side alone. Thus, we can use generalization of the Stolper-Samuelson

the East Asian Currency Crisis Louise Allsopp and Ralf Zurbruegg March 2003 University of Adelaide Adelaide 5005 Australia CENTRE FOR INTERNATIONAL ECONOMIC STUDIES The Centre was established in 1989 by the Economics Department of the Adelaide University to strengthen teaching and research in the field of international economics and closely related disciplines. Its specific objectives are: • • • • • • • to promote individual and group research by scholars within and outside the Adelaide

empirical literature on the relationship between debt relief and pro-poor spending (Allen and Weinhold, 2000, Chauvin and Kraay, 2005, Dessy and Vencatachellum, 2007). Moreover, it is worth stressing that this paper does not address the economic rationale behind such focus on social expenditures in HIPC initiatives. A large amount of literature has questioned whether increasing social expenditures is indeed an efficient tool for poverty reduction (Paternostro, 2005). It has also

What is wrong with the ‘Official History of Capitalism’? Capitalism is an economic system that is very controversial in terms of Economic Development, especially for third world countries. For the author, the ‘official History of capitalism’ refers to the way most economists perceive the economic history of rich countries. According to him, there are many errors in their versions however; they succeeded in redefine the history. Given the fact, that on the one hand, most neoclassical economists