Questions tagged [social-welfare]

Social welfare is a quantitative measure of how good or bad a policy or situation is for a society, overall. It is usually obtained by somehow "aggregating" the utility functions of all the people in that society (e.g. by computing the average utility).

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Why is the derivative of this SWF non-positive?

This question is related to the development of The Joint Giving Theorem (by S. Kolm). There are two types of agents: benevolent and beneficiaries. Benevolents' preferences are represented by ...
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Mechanisms to incentivise social welfare

Suppose there is a set of agents causing loss $l_i$ to themselves and aggregate loss $L$ to the society, both of which can be minimised by their investments $c_i$. The social planner who is concerned ...

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