This article proposes a new social welfare measure based on Aristotle's theory of reciprocity. Unlike existing metrics of social welfare, the proposed Aristotelian social welfare function measures ...

A new approach is developed to identify marginal tax reforms for pairs of commodities and to test for the robustness of their impacts on Yaari's dual social welfare functions. The rank-dependent ...

Evaluating climate policy requires a method for navigating trade-offs. The most systematic such method is the ‘social welfare function’ (SWF) approach, which is widely used both in the economic ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation The paper presents numerical simulations of various fiscal rules for oil-producing countries. Welfare implications are ...

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