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...elfare function]]s. It says that, all other things being equal, a [[social welfare function]] should prefer allocations that are more equitable. In other word Then, the social-welfare ordering should weakly prefer the second profile <math>u'</math>, since it ...

...m98">{{cite journal|doi=10.1111/1467-937X.00076|title=Nash Equilibrium and Welfare Optimality|journal=Review of Economic Studies|volume=66|pages=23–38|year=19 Each voter reports his entire [[preference (economics)|preference relation]] over the set of alternatives. The set of reports is ...

...de-off between the stabilization of inflation and the stabilization of the welfare-relevant [[output gap]] (the gap between actual output and potential output ...y_{t}^*</math> is natural output and <math>(y_{t} - y_{t}^*)</math> is the welfare-relevant output gap. This equation implies that the two goals of maintainin ...

...inia Bankard Fund.</ref> Double marginalization is clearly negative from a welfare point of view, as the double markup induces a [[deadweight loss]], because .... “Determining the Competitive Effects of Vertical Integration in Mergers” Economics Committee Newsletter</ref>   ...

...ividual labour income]] such that a given economic criterion like [[social welfare]] is optimized. ...le. The government seeks to maximise a [[Utilitarianism|utilitarian social welfare]] function subject to these constraints. It faces a tradeoff between effic ...

...d by a ''fair'' division. The POF is a quantitative measure of the loss of welfare that society has to take in order to guarantee fairness. ...sions}}{(\mathrm{welfare}(D))}}{\max_{D\in \text{Fair Divisions}}{(\mathrm{welfare}(D))}}</math> ...

{{Economics sidebar}} ...economics]], the '''cost of business cycles''' is the decrease in [[social welfare]], if any, caused by [[business cycle]] fluctuations. ...

[[Category:Law and economics]] [[Category:Welfare economics]] ...

...The Complexity of Fairness Through Equilibrium|journal=ACM Transactions on Economics and Computation|volume=4|issue=4|pages=1|year=2016|last1=Othman|first1=Abra == Comparison to maximum-Nash welfare == ...

In [[economics]] and [[mechanism design]], a '''cost-sharing mechanism''' is a process by ...</math>. We would like to have ''efficiency'', which means that the social welfare is maximized. ...

...losophy]], as well as [[Electoral system|electoral systems]] and [[welfare economics]]. ...of individuals, and let <math>X</math> be a set of social states. A social welfare function is a function <math>W: \Delta(X) \to \mathbb{R}</math>, where <mat ...

...the 5th conference on Innovations in theoretical computer science |chapter=Welfare maximization and truthfulness in mechanism design with ordinal preferences ...tps://www.sciencedirect.com/science/article/pii/S0165176516302476 |journal=Economics Letters |language=en |volume=146 |pages=8–12 |doi=10.1016/j.econlet.2016.07 ...

Efficiency and fairness are two major goals of [[welfare economics]]. Given a set of resources and a set of agents, the goal is to [[fair divi ...city implies [[local nonsatiation]]. See [[fundamental theorems of welfare economics]]. ...

...ir competition against foreign producers and in doing so enhances national welfare. This conclusion stands in contrast to results from most international trad ...lthough it is possible for the national government to increase a country's welfare in the model through export subsidies, the policy is of [[beggar thy neighb ...

...slots are sold on an auction basis. The first analyses of GSP are in the [[economics]] literature by Edelman, Ostrovsky, and [[Michael A. Schwarz|Schwarz]]<ref ...= \alpha_i (v_i - p_i)</math>. The total [[Social welfare function|social welfare]] from owning or selling all slots is given by: <math>SW=\sum_i \alpha_i v_ ...

...|title=Voting Paradoxes and Group Coherence |series=Studies in Choice and Welfare |year=2011 |last1=Gehrlein |first1=William V. |last2=Lepelley |first2=Domin ...version of the US presidential electoral system |journal=Social Choice and Welfare |date=March 2020 |volume=54 |issue=2–3 |pages=363–395 |doi=10.1007/s00355-0 ...

...on Rules|year=2011|isbn=9780444508942|series=Handbook of Social Choice and Welfare|volume=2|pages=393–506|doi=10.1016/s0169-7218(10)00021-3}}</ref> ...e pieces may be ''disconnected'', any allocation rule maximizing a concave welfare function of the ''absolute'' (not normalized) utilities is RM. In particula ...

{{About|regular distributions in economics|regular species distribution in ecology|Species distribution}} ...ully maximizing her profit is equivalent to maximizing the "virtual social welfare", i.e. the expected virtual valuation of the bidder who receives the item. ...

In [[theoretical economics]], an '''abstract economy''' (also called a '''generalized N-person game''' ...ract economies without ordered preferences|journal=Journal of Mathematical Economics|volume=2|issue=3|pages=345–348|doi=10.1016/0304-4068(75)90002-6|issn=0304-4 ...

...eds to sample in order to attain a reasonable approximation of the optimal welfare? ...silon^3)</math> when the agents' distributions are [[Regular distribution (economics)|regular]] but do not have monotone-hazard-rate. ...