|Welfare economics is included in the JEL classification codes as JEL: D6|
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level. A typical methodology begins with the derivation (or assumption) of a social welfare function, which can then be used to rank economically feasible allocations of resources in terms of the social welfare they entail. Such functions typically include measures of economic efficiency and equity, though more recent attempts to quantify social welfare have included a broader range of measures including economic freedom (as in the capability approach).
This category has the following 3 subcategories, out of 3 total.
Pages in category "Welfare economics"
The following 110 pages are in this category, out of 110 total. This list may not reflect recent changes (learn more).