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Social Welfare Function
Social Welfare Function
4
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Definitions
Bergson–Samuelson Social Welfare Function
Social Welfare Function
Welfare Economics
Public Economics
Collective Preferences
Societal Well-Being
A framework in welfare economics that represents collective preferences and societal well-being.
Read more about Bergson–Samuelson Social Welfare Function.
Definitions
Efficiency–Equity Trade-off
Efficiency
Equity
Trade-Off
Distribution
Social Welfare Function
Economics
The observation that policies designed to achieve economic efficiency often have detrimental effects on distributional equity.
Read more about Efficiency–Equity Trade-off.
Definitions
Social Planner
Social Welfare Function
Pareto Efficiency
Economic Policy
A benevolent decision-maker who chooses economic policy either to maximize a social welfare function or to attain a Pareto efficient allocation.
Read more about Social Planner.
Definitions
social welfare
Economics
Social Welfare
Social Welfare Function
Happiness Index
A comprehensive overview of the term 'social welfare' in economics.
Read more about social welfare.
Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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