Showing 1 - 10 of 114
This paper offers an indirect measure of patient welfare based on whether patients comply with the prescription they … adherence level is associated with higher patient welfare, thus adding valuable information to conclusions drawn by a mere …
Persistent link: https://www.econbiz.de/10010738851
This paper presents the Paretian Watershed and the fundamental theorems of welfare economics. It distinguishes the … British approach (à la Kaldor-Hicks) from the American approach (à la Bergson-Samuelson) to new welfare economics. It develops …
Persistent link: https://www.econbiz.de/10010821112
It is shown that preferences can be constructed from observed choice behavior in a way that is robust to indifferent selection (i.e., the agent is indifferent between two alternatives but, nevertheless, is only observed selecting one of them). More precisely, a suggestion by Savage [Savage,...
Persistent link: https://www.econbiz.de/10010898783
judge the options equally valuable (indifference) or they have no judgment about their relative value (noncomparability …
Persistent link: https://www.econbiz.de/10010898935
There are two main approaches for defining social welfare relations for an economy with infinite horizon. The first one … new welfare criterion called utilitarian social welfare relation. In the same framework, Chichilnisky (1996) proposes two …
Persistent link: https://www.econbiz.de/10010750750
then possible to recover the social welfare function that would make the observed marginal tax rate schedule optimal. In … the social welfare function associated with that system and whether it satisfies elementary properties. This method is …
Persistent link: https://www.econbiz.de/10010738974
then possible to recover the social welfare function that would make the observed marginal tax rate schedule optimal. In … the social welfare function associated with that system and whether it satisfies elementary properties. This method is …
Persistent link: https://www.econbiz.de/10010739105
There is no consensus yet on the correct way to write the social utility function in presence of paternalistic altruism. This note shows that the speci cation of the central planner objective is crucial for optimal capital intensity and optimal growth in a one and a two-sector models. In a...
Persistent link: https://www.econbiz.de/10010821475
the complementarity between the three components of longevity on welfare and economic stability. At the steady state, we … show that an appropriate fiscal policy may enhance welfare. However, when pollution is heavily harmful for longevity, the … design of the public policy that may comply with the dynamic and welfare objectives. …
Persistent link: https://www.econbiz.de/10010933855
This paper addresses the two-way implication between punctuality level of public transport and commuter behavior. We consider a modal competition between public transport and an alternative mode. Commuters may choose different strategies to minimize their journey cost. In particular, when the...
Persistent link: https://www.econbiz.de/10010930068