Sentence examples for welfare function is from inspiring English sources

A general welfare function is formulated to address these issues.

Our major result is as follows: If the social welfare function is strictly concave, then the incentives to postpone retirement should be dampened.

But the best model I know (which is still extremely crude compared to reality), suggests that we are pretty far from the optimum for anyone whose social welfare function is what the authors term Rawlsian, utilitarian progressive, or utilitarian compassionate conservative.

This social welfare function is nondictatorial as well provided the domain, though restricted, still retains a certain variety.

At least for a welfarist, the structure of the social welfare function is constitutive of the good.

Then the social welfare function is indeed symmetrical (by requirement of impartiality) and its aversion to inequality reflects its underlying ethical principles.

Discrete choice experiments using the equivalence of numbers technique and the social welfare function were conducted in Poland.

Arrow's social welfare functions are sometimes called "constitutions".

Three other developments around utilitarian social welfare functions are worth mentioning.

However, such a framework raises equity concerns and the use of social welfare functions are a possible solution but are still rare in empirical studies.

Glazer and McGuire are not explicit about how low the second-best optimal fee f p that maximizes the welfare function (11) is if balance-billing is allowed.