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A peer-reviewed quarterly journal publishing articles by academics and practitioners.
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Type: Journal Articles ISSN: 0047-2727
Published in: Journal of Public Economics
Volume, issue, pages: Vol. 95, No. 3-4, pp. 247-252
Keywords: Welfare; Nonparametric methods
Economic and social welfare is inherently multidimensional. However, choosing a measure which combines several indicators is difficult and may have unintendend and undesirable effects on the incentives of policy makers. We develop a nonparametric empirical method for deriving welfare rankings for a social planner based on data envelopment, which avoids the need to specify a weighting scheme. We apply this method to data on Human Development. Search |
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