Sentence examples for welfare function from inspiring English sources

A general welfare function is formulated to address these issues.

But homeland security is a law-and-order function, not a welfare function.

At the same time, explicit normative and methodological choices are required to select a social welfare function.

We compare the monetary value of the two money systems themselves, by introducing a natural money-metric social welfare function.

As a welfare function, the government will simply pay that person's fortune account provider to ensure that the right level of cash benefits or care services are provided.

It adopts the social welfare function from social sciences to compute energy welfare as a goodness measure for energy populations.

Perhaps the biggest problem with maximizing a social welfare function like utility is practical: We economists often have only a basic understanding of how most policies work.

To strike this balance, many economists think in terms of a "social welfare function" that aggregates individuals' well-being into a summary measure.

So an individual's going to be characterized by utility function, it's a welfare function of X and Y equals ui of X plus vi of Y.

If different groups have different economic behaviour, then to maximise my welfare function I need to discriminate as much as possible, and I will treat each group differently.

So we mean a million people of type A and a million people type B. So the utility function of A, the welfare function of A is written there, and the welfare function of B is written and they each begin with endowments.