Titlebook: Efficiency and Equity in Welfare Economics; PierCarlo Nicola Book 2013 Springer-Verlag Berlin Heidelberg 2013 Efficiency.Equity.Inequality

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Book 2013f most modern economies. This book presents a model which aims to maximize a symmetrical welfare function under certain constraints which consider both efficiency and equity, i.e. taxes and subsidies, implemented by a public authority. The model is numerically implemented and considers a set of econ

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A Summary Example the incomes (and consumptions) of the less favored, i.e. those belonging to the poorest part of the society which, in modern economies, is protected to varying degrees by the P.A., against too low income (and consumption) levels.

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Overviewe is considered a function of individual and family incomes, since incomes have a meaningful and positive correlation with indexes of a good life, such as life expectancy at birth, health, food, housing, education, …, while consumptions are a more limited economic variable.

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Inequality and Poverty Indexesidy schemes in order to reduce inequality without significantly influencing social welfare. Another important purpose is to reduce poverty without threatening the level of social welfare. In this chapter inequality, and subsequently poverty, will be considered.

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Information Incentives and Performance is both equitable and efficient? The issues to consider are two: the standard problem of designing an equitable taxation scheme, and the matter of incentives to induce agents to reveal their true productivity potential.

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