000 03118nam a22004815i 4500
001 978-3-642-30071-4
003 DE-He213
005 20200420211742.0
007 cr nn 008mamaa
008 121026s2013 gw | s |||| 0|eng d
020 _a9783642300714
_9978-3-642-30071-4
024 7 _a10.1007/978-3-642-30071-4
_2doi
050 4 _aHB1-846.8
072 7 _aKCA
_2bicssc
072 7 _aBUS069030
_2bisacsh
082 0 4 _a330.1
_223
100 1 _aNicola, PierCarlo.
_eauthor.
245 1 0 _aEfficiency and Equity in Welfare Economics
_h[electronic resource] /
_cby PierCarlo Nicola.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg :
_bImprint: Springer,
_c2013.
300 _aXII, 156 p. 5 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aLecture Notes in Economics and Mathematical Systems,
_x0075-8442 ;
_v661
505 0 _aOverview -- Inequality, Poverty, and Welfare: Social Welfare and Income Distributions -- Inequality and Poverty Indexes -- Welfare and Efficiency: Inequality, Efficiency, and the Production Sphere -- Efficiency and Welfare -- Information Incentives and Performance -- Summary Example and Numerical Simulations: A Summary Example -- Implementing the Example: One Time Period -- Dynamics: Many Time Periods -- Final Remarks -- Appendix: Implementing 2008 Income Data for Italy.
520 _aIncreasing 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 both efficiency and equity, i.e. taxes and subsidies, implemented by a public authority. The model is numerically implemented and considers a set of economic agents with starting incomes that satisfy Pareto income law under various values of the alpha parameter. Also, the model implementations respect the social production function. Various experiments are presented which show how income inequality (measured by means of the Lorenz curve and, what I call, the Lorenz-Gini inequality index) and measures of poverty are sensibly reduced by redistributing national income without lowering efficiency in production. A case study, or application, of Italian personal income in 2008 is also presented.
650 0 _aEconomic theory.
650 0 _aMicroeconomics.
650 0 _aPublic finance.
650 1 4 _aEconomics.
650 2 4 _aEconomic Theory/Quantitative Economics/Mathematical Methods.
650 2 4 _aPublic Economics.
650 2 4 _aMicroeconomics.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783642300707
830 0 _aLecture Notes in Economics and Mathematical Systems,
_x0075-8442 ;
_v661
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-642-30071-4
912 _aZDB-2-SBE
942 _cEBK
999 _c50722
_d50722