Welfare for Economy Under Awareness
نویسندگان
چکیده
We present the extended notion of pure exchange econom $\mathrm{y}$ under uncertainty, called an economy with awa.ren $ess$ structur\^e where each trader having a strictly monotone preference makes decision under
منابع مشابه
Welfare Economy under Rough Sets Information
This paper relates welfare economy and rough sets as information structure. We reconsider the fundamental welfare theorem for a pure exchange economy under uncertainty from the logical point of view in data mining theory; the traders are assumed to have a multi-modal logic of belief and to make their decision under uncertainty represented by rough sets. We propose a generalized notion of ration...
متن کاملEvaluation of urban management and political Scandinavian economy (case study: Sweden and Norway)
Study on international political economy of two countries, Sweden and Norway, in international interactions allows us to examine political economy of these two countries as the case study for further understanding of macro patterns of international political economy. Thus, understanding the power of influence of international developments in two economic and political areas in internal relatio...
متن کاملStagnation and minimum wage: Optimal minimum wage policy in macroeconomics
This paper argues how an increase in minimum wage affects employment, consumption, and social welfare with dynamic general equilibrium model without market frictions. The study demonstrates that a minimum wage hike reduces an actual unemployment rate and has positive effects on an employment rate under the demand-shortage economy whereas they do not under a non-demand shortage economy. The stud...
متن کاملWelfare Measurement under Threats of Environmental Catastrophes
Welfare measures under threats of environmental catastrophes are studied using the ”parable” apparatus of Weitzman and Löfgren [28]. The occurrence probability of the catastrophic events is driven (at least partly) by anthropogenic activities such as natural resource exploitation. Without external effects, the green NNP is a genuine welfare measure vis-à-vis a particular parable economy. Often,...
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