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132 Social performance and fisc [PFP#1092128766]
... welfare and social performance aclassic axiom adopted by many economists is that households associate welfare levels to social states. these levels can in principle be used as arguments of a social welfare ... social performance is dominated by the workers' gain. the equal-weights index is 0.27%. nevertheless, nearly population faces a decreasing welfare. this becomes visible when a large social ...
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Microsoft Word - discussion130.doc
... consider a linear social welfare function w with welfare weights h . with the weights set to the inverse of the marginal utilities of income, e.g. 1 h h , the welfare function represents the ... transformation between a pair of commodities', bhagwati (1971). 6 with quasi-linear utility the welfare weights are one and inconsequential. 7 see, for instance, ginsburgh keyzer, 1997, paragraph breakdown ...
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