A Contribution to the Theory of Welfare Accounting
نویسنده
چکیده
A kind of "unified theory" is proposed as a dynamic generalization of the standard consumersurplus methodology for evaluating welfare changes. The "unified theory" allows rigorous dynamic welfare comparisons to be inferred between any two economic situations-from just knowing current incomes and observing a short-run market demand schedule. Essentially, the change in present discounted future utility is exactly captured by the formula: difference in current income plus consumer surplus. This well-known formula is thereby shown to cover a far wider class of welfare comparisons than is customarily treated in the textbook static case.
منابع مشابه
A service decomposition and definition model in cloud manufacturing systems using game theory focusing on cost accounting perspectives
Cloud manufacturing is a new paradigm which has been under study since 2010 and a vast body of research has been conducted on this topic. Among them, service composition problems are of utmost importance. However, most studies only focused on private clouds meaning the objective function is defined for just one component of the supply chain. This paper attempts to consider service composition p...
متن کاملWelfare and Economic Effects of Increasing Government Health Expenditures in Iran: A Social Accounting Matrix Approach
Welfare and Economic Effects of Increasing Government Health Expenditures in Iran: A Social Accounting Matrix Approach Ehsan Taheri1, Hossein Sadeghi1, *, Lotfali Agheli2, Alireza Naseri1 1Department of Development and Economic Planning, Faculty of Management and Economics, Tarbiat Modares University, Tehran, Iran 2Research Institute of Economics, Tarbiat Modares University, Tehran, Iran Abs...
متن کاملStrategy, Management Accounting Systems, and Performance of Iranian Petrochemical Companies in the Light of Contingency Theory
In the present business atmosphere, an organization should be able to respond to environmental needs occasioned by rapid and dynamic evolution as quickly as possible. It is obvious that such ability is impossible without a proper strategic approach, strategic thinking, and a suitable management accounting system. This study attempts to investigate the relationships between strategy, management ...
متن کاملDynamic Instability Analysis of Embedded Multi-walled Carbon Nanotubes under Combined Static and Periodic Axial Loads using Floquet–Lyapunov Theory
The dynamic instability of single-walled carbon nanotubes (SWCNT), double-walled carbon nanotubes (DWCNT) and triple-walled carbon nanotubes (TWCNT) embedded in an elastic medium under combined static and periodic axial loads are investigated using Floquet–Lyapunov theory. An elastic multiple-beam model is utilized where the nested slender nanotubes are coupled with each other through the van d...
متن کاملMacroeconomic and Welfare Effects of Parametric Pension Reform in Iran
The aim of this paper is to analyze the macroeconomic effects of parametric reforms. An adjusted Auerbach-Kotlikoff model is used to study the effects of decreasing replacement and contribution rates of the pension system. The first part concentrates on the macroeconomic effect of reforms. Our results indicate that reducing the replacement and contribution rates increase the capital stock and d...
متن کامل