Economics Dictionary of ArgumentsHome
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| Welfare gains: Welfare gains in economics refer to improvements in overall economic well-being, often resulting from policy changes, trade, or technological progress. These gains reflect increased efficiency, higher income, or better resource allocation, benefiting individuals or society through enhanced consumption, production, or utility. See also Welfare, Welfare state, Efficiency._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Victor D. Norman on Welfare Gains - Dictionary of Arguments
Krugman III 95 Welfare gains/sensitivity analysis/Victor D. Norman: One test concerns initial prices: a) In the experiments reported above(1), the model is calibrated to an average discount fare of 50 percent of the Euroclass fare. b) Alternatively, we have carried out calibration and simulations assuming an average discount fare of 30 percent. The corresponding simulations give slightly higher welfare gains from competition. The reason is that a lower initial tourist-class fare implies a higher elasticity of demand in the tourist-class segment and thus a large efficiency loss from monopoly. >Elasticity, >Sensitivity analysis, >Competition, >Monopoly, >Oligopoly. Krugman III 99 Demand: The order of magnitude of the welfare gains are the same for the loglinear and linear functions. >Demand. 1. Victor D. Norman and Siri P. Strandenes. „Deregulation of Scandinavian Airlines: A Case Study of the Oslo-Stockholm Route.“ In: Paul Krugman and Alasdair Smith (Eds.) 1994. Empirical Studies of Strategic Trade Policy. Chicago: The University of Chicago Press. Victor D. Norman and Siri P. Strandenes. „Deregulation of Scandinavian Airlines: A Case Study of the Oslo-Stockholm Route.“ In: Paul Krugman and Alasdair Smith (Eds.) 1994. Empirical Studies of Strategic Trade Policy. Chicago: The University of Chicago Press._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Norman, Victor D. EconKrug I Paul Krugman Volkswirtschaftslehre Stuttgart 2017 EconKrug II Paul Krugman Robin Wells Microeconomics New York 2014 Krugman III Paul Krugman Alasdair Smith Empirical Studies of Strategic Trade Policy Chicago: The University of Chicago Press 1994 |
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