Values in Welfare economics

theoretical models in welfare economics

the present essay intend to intoduce some vital established economic models of social welfare as welfare criticize and evaluate their capability and their explicative nature . the cotent is totally theoretical and therefore the evaluation will be done through hypothetical and abstract values and criteria . particularly the essay tries to go beyond exact socio - economic welfare models and to fi...

Altruism, evolution, and welfare economics

Henrich clearly presents the convincing evidence that the evolution of prosocial preferences—altruism and altruistic punishment—is both theoretically possible and empirically present in human populations. Henrich convinces us using only the most restrictive arguments. If one goes beyond the assumptions of one-gene, one-trait, or recognizes the existence of “social cognition” (Caporael, 1997), t...

Economics and Farm Animal Welfare

Welfare Economics and Public Finance

This contribution deals firstly with the differences between market action and government action, and then explores the justification for government intervention based on concepts of economic efficiency and equity. The chapter then proceeds to discuss individual cases in which unregulated private market outcomes are generally considered to violate this criterion.

Welfare Economics and Public Choice

Welfare economics provides the basis for judging the achievements of markets and policy makers in allocating resources. Its most powerful conceptual tool is the utility possibility frontier. This defines the set of utility allocations that can be achieved in a society subject to the constraints of tastes and technologies. Any allocation on the frontier cannot be Pareto dominated and hence would...