The Measurement of Social Welfare

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type , Research 01 Jan 2007 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Tsuneki, Atsushi;

doi: 10.2139/ssrn.1012470

handle: 10419/92684

The Measurement of Social Welfare

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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.

Related Organizations

Osaka University
Japan

Keywords

Measurement, ddc:330, Deadweight Loss, Soziale Wohlfahrtsfunktion, Second Order Approximation, D61, Messung, H20, D63, Social Welfare, Theorie

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