How Long to Read Efficiency and Equity in Welfare Economics

How Long Does it Take to Read Efficiency and Equity in Welfare Economics?

It takes the average reader 2 hours and 39 minutes to read Efficiency and Equity in Welfare Economics by PierCarlo Nicola

Assuming a reading speed of 250 words per minute. Learn more

Description

Increasing efficiency in generating national income and improving equity in its distribution among economic agents is at the forefront of priorities of most modern economies. This book presents a model which aims to maximize a symmetrical welfare function under certain constraints which consider both efficiency and equity, i.e. taxes and subsidies, implemented by a public authority. The model is numerically implemented and considers a set of economic agents with starting incomes that satisfy Pareto income law under various values of the alpha parameter. Also, the model implementations respect the social production function. Various experiments are presented which show how income inequality (measured by means of the Lorenz curve and, what I call, the Lorenz-Gini inequality index) and measures of poverty are sensibly reduced by redistributing national income without lowering efficiency in production. A case study, or application, of Italian personal income in 2008 is also presented.

How long is Efficiency and Equity in Welfare Economics?

Efficiency and Equity in Welfare Economics by PierCarlo Nicola is 156 pages long, and a total of 39,936 words.

This makes it 53% the length of the average book. It also has 49% more words than the average book.

How Long Does it Take to Read Efficiency and Equity in Welfare Economics Aloud?

The average oral reading speed is 183 words per minute. This means it takes 3 hours and 38 minutes to read Efficiency and Equity in Welfare Economics aloud.

What Reading Level is Efficiency and Equity in Welfare Economics?

Efficiency and Equity in Welfare Economics is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Efficiency and Equity in Welfare Economics?

Efficiency and Equity in Welfare Economics by PierCarlo Nicola is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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