Welfare economics

Welfare economics is a branch of economics that uses microeconomic techniques to simultaneously determine allocative efficiency within an economy and the income distribution associated with it. It analyzes social welfare, however measured, in terms of economic activities of the individuals that comprise the theoretical society considered. As such, individuals, with associated economic activities, are the basic units for aggregating to social welf... more

Award-Winning Work

Awards Won:

Year Award Award Winner Notes/Description
  • 1998
  • "for his contributions to welfare economics"
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