The Measurement of Social Welfare

Osaka University Economics Discussion Paper No. 698

20 Pages Posted: 7 Sep 2007

See all articles by Atsushi Tsuneki

Atsushi Tsuneki

Osaka University - Institute of Social and Economic Research (ISER)

Date Written: September 2007

Abstract

This paper derives a basic formula for the measure of social welfare, a second order approximation to the difference of the value of the Bergson-Samuelson social welfare function between the socially optimal resource allocation and the one in the present suboptimal economy. We discuss pros and cons of our approach for the measurement of welfare compared with other approaches to applied welfare economics, especially the measurement of deadweight loss.

Keywords: Social Welfare, Deadweight Loss, Measurement, Second Order Approximation

JEL Classification: H20, D61, D63

Suggested Citation

Tsuneki, Atsushi, The Measurement of Social Welfare (September 2007). Osaka University Economics Discussion Paper No. 698, Available at SSRN: https://ssrn.com/abstract=1012470 or http://dx.doi.org/10.2139/ssrn.1012470

Atsushi Tsuneki (Contact Author)

Osaka University - Institute of Social and Economic Research (ISER) ( email )

6-1 Mihogaoka
Ibaraki, Osaka 567-0047
Japan

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
525
Abstract Views
2,326
rank
73,601
PlumX Metrics