welfare function in a sentence

Examples

1. Under Pataki, the department has been stripped of its responsibility for job training and Medicaid, isolating the welfare function in a steadily less prominent agency.
2. Following Abram Bergson, whose formulation of a social welfare function launched ordinalist welfare economics, Arrow avoids locating a social good as independent of individual values.
3. Wagner himself identified these as ( i ) social activities of the state, ( ii ) administrative and protective actions, and ( iii ) welfare functions.
4. Some, such as economists in the tradition of the Austrian School, doubt whether a cardinal utility function, or cardinal social welfare function, is of any value.
5. These arguments have prompted some to suggest that animals'well-being should enter a social welfare function directly, not just indirectly via its effect only on human well-being.
6. Value assumptions explicit in the social welfare function used and implicit in the efficiency criterion chosen tend to make welfare economics a normative and perhaps subjective field.
7. If we want to keep the mechanism truthful while not having to subsidize the trade, we must compromise on efficiency and implement a less-than-optimal social welfare function.
8. A utilitarian social welfare function weights the well-being of each individual equally, while a Rawlsian social welfare function only considers the welfare of the least well-off individual.
9. A utilitarian social welfare function weights the well-being of each individual equally, while a Rawlsian social welfare function only considers the welfare of the least well-off individual.
10. The set of " conditions " across " different " possible votes refined welfare economics and differentiated Arrow's constitution from the " pre-Arrow social welfare function ".