On Efficiency, Concentration and Welfare

Economic Efficiency and Social Welfare

A framework for the optimal taxation of cigarettes based on economic efficiency is provided here. Fundamentally different views of smoking in the context of addictive behavior result in markedly different estimates of the efficient cigarette tax rate. Based on the rational addiction model, more than half of the states may have increased their cigarette excise tax rates to levels beyond the econ...

A Take on Employee Welfare Facilities and Employees' Efficiency

Looking back into the history of welfare facilities for employees in an organization, they have always and will keep playing a pivotal role in enhancing employee morale. The welfare schemes in every organization facilitate impetus for employee and employer relations. Employees’ welfare is inherent core component, as they act as life blood for achieving the objectives of an organization. The mai...

Efficiency and the Redistribution of Welfare

We examine how the relation between individual and social utility affect the efficiency of game-theoretic solution concepts. We first provide general results for monotone utility-maximization games, showing that if each player’s utility is at least his marginal contribution to the welfare, then the social welfare in any Strong Nash Equilibrium is at least half of the optimal. The efficiency deg...

Do Energy Efficiency Standards Increase Social Welfare ?

Ventilation Efficiency and Carbon Dioxide (CO2) Concentration

In animals metabolic processes, involve complex organic molecules being broken down to simpler molecules, such as carbon dioxide and water. Carbon dioxide waste is removed from the body through respiration. Carbon dioxide content in fresh air is approximately 400 parts per million. In this study, we investigate the relationship between ventilation efficiency and carbon dioxide (CO2) concentrati...