Nir Dagan / Teaching

Welfare economics and distribution of income

Universitat Pompeu Fabra, 1996/1997

Homework

• Homework 5 Due June 11, 1997
• Homework 4 Due June 4, 1997
• Homework 3 Due May 7, 1997
• Homework 2 Due April 29, 1997
• Homework 1 Due April 23, 1997

Bibliography

• G. Debreu, Theory of Value : An Axiomatic Analysis of Economic Equilibrium, Yale University Press, 1986, (first published in 1959).
• A. Mas-Colell, M.D. Whinston, and J. Green, Microeconomic Theory, Oxford University Press, New York, NY, 1995.

Outline

Reference are from Mas-Colell, Whinston, and Green

• Efficiency
  1. Individual preferences and utility functions (1B, pp.6-9; 2A-2C, pp.17-20; 3C, pp.46-50)
  2. Pareto ordering, and Pareto efficiency (10B, pp.312-316; 15; 16)
  3. The relationship between Price equilibrium and efficiency.
• Preference based Social Welfare functions
• Distribution of income.
  1. Measurement of inequality.
  2. Inequality and social welfare functions.
  3. Taxation and Redistribution of Income.