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Effective treatments are needed to minimize death, maximize welfare, and maintain growth and productivity.
Cross-ownership presents interesting and important dynamics, because an investor, the cross-owner, has an incentive to maximize welfare through joint ownership of the different firms.
A new agency is needed because (1) market forces fail to maximize welfare in important CFP markets, and (2) the current regulatory structure that was supposed to deal with this market failure has proved inadequate.
Government should intervene to maximize welfare at the output level where the marginal benefit from emitting the last unit of pollution is equal to the marginal damage it causes.
The optimal investment choice is defined as the one that will minimize costs and thereby maximize welfare in all economic sectors over two time periods now (when the decision is being made) and later (when a policy has—or hasn't been enacted).
We find that this is not always the case and that, therefore, an instrument directly aimed at regulating route structure choice may be needed to maximize welfare, in addition to per-passenger and per-flight tolls designed to correct output inefficiencies.
Similar(45)
They want a tax policy that maximizes welfare, full stop.
The idea that a single mechanism maximizes welfare and always gets things right — that concept is on the rocks.
By examining many investment levels, it identifies the one that maximizes welfare for the policy expectations represented by that PDF.
Using that procedure, the researchers identified the optimal non-carbon investment level that maximizes welfare under a series of PDFs.
To reconcile this apparent discrepancy, some theorists have claimed that Kantian moral rules result from mechanisms that implement simple heuristics for maximizing welfare.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com