A basis, usually quantitative, for judging whether one state of the world or of an economy is better than another, for use in welfare economics and in evaluation of policies.
Related information about welfare criterion:
- A Welfare Criterion for Models with Distorted Beliefs"
This paper proposes a welfare criterion for economies in which agents have hetero ... This paper tries to fill that gap by providing a welfare criterion for models in ...
- A Welfare Criterion for Models with Biased Beliefs | Markus K ...
This paper proposes a welfare criterion for economies in which agents have heterogeneously distorted beliefs. Instead of taking a stand on whose belief is ...
- Welfare Criterion - Financial Dictionary - The Free Dictionary
The basis by which one measures the benefits of a change against its drawbacks . For example, one may elect to make a change if everyone gains and no one ...
- A Welfare Criterion for Models with Heterogeneous Beliefs"
This paper proposes a welfare criterion for economies in which agents have het$ ... The reason is that economics does not have a clear welfare criterion to offer.
- A Welfare Criterion for Models with Distorted Beliefs
Jul 30, 2012 ... This research: Welfare criterion for models with heterogeneously distorted beliefs . Markus Brunnermeier, Alp Simsek, Wei Xiong () Welfare ...
- Welfare Criterion: Information from Answers.com
Welfare Criterion A method of deciding whether a proposed change in the economy should be made. The Pareto criterion says that a change should be made.
- A Utility-Based Welfare Criterion in a Model - Board of Governors of ...
This paper extends the utility-based welfare criterion developed by ... welfare criterion obtained for this model shares several features with the corresponding ...
- What is welfare criterion? definition and meaning
Definition of welfare criterion: A basis, usually quantitative, for judging whether one state of the world or of an economy is better than another, for use in welfare ...