Efficiency and Equity Aspects of Optimum Location

Equity and efficiency aspects of Italian debt reduction

This paper examines the distributional and efficiency effects of different debt reduction schemes in Italy. To finance a given deficit reduction path, we introduce the so-called Eurotax and endogenously adjust either the consumption tax rate or lump-sum transfers in order to balance the budget. The analysis is based on a numerically specified overlapping generations model of the Auerbach-Kotlik...

Efficiency and Equity Aspects of Alternative Social Security Rules∗

This paper studies human capital formation, labor supply and retirement decisions associated with four alternative regimes of social security. We implement a theoretical model with overlapping generations of households and two different ability types within each generation. We find that with a given social security contribution rate, it is better to transfer income to the elderly as old-age ben...

Equity-Efficiency Bicriteria Location with Squared Euclidean Distances

A facility has to be located within a given region taking two criteria of equity and efficiency into account. Equity is sought by minimizing the inequality in the inhabitant-facility distances, as measured by the sum of the absolute differences between all pairs of squared Euclidean distances from inhabitants to the facility. This measure meets the Pigou-Dalton condition of transfers, and can e...

Effectiveness, Efficiency and Equity

Health is perceived as most precious good, and people feel its vulnerability. Societies have been trying to absorb, ameliorate or compensate consequences and health risks with varying emphasis and varying success. Due to the uniqueness of good health to a persons’ ability to live the life he or she wants, health care and performance of health care systems are under critical observation. In this...

Externalities, Efficiency and Equity