Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92684
Authors: 
Tsuneki, Atsushi
Year of Publication: 
2007
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 698
Abstract: 
This paper derives a basic formula for the measure of social welfare, a second order approximation to the difference of the value of the Bergson-Samuelson social welfare function between the socially optimal resource allocation and the one in the present suboptimal economy. We discuss pros and cons of our approach for the measurement of welfare compared with other approaches to applied welfare economics, especially the measurement of deadweight loss.
Subjects: 
Social Welfare
Deadweight Loss
Measurement
Second Order Approximation
JEL: 
H20
D61
D63
Document Type: 
Working Paper

Files in This Item:
File
Size
120.21 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.