Search results for "jel:D60"

showing 2 items of 2 documents

Prices and Pareto optima

2006

We provide necessary conditions for Pareto optimum in economies where tastes or technologies may be nonconvex, nonsmooth, and affected by externalities. Firms can pursue own objectives, much like the consumers. Infinite-dimensional commodity spaces are accommodated. Public goods and material balances are accounted for as special instances of linear restrictions.

Microeconomicsjel:C60first and second welfare theorem; weak and strong Pareto optimum; nonconvex tastes or technologies; public goods; externalities; local separation; subdifferentials; normal conesControl and OptimizationApplied Mathematicsjel:D60jel:D50EconomicsPareto principleManagement Science and Operations ResearchPublic goodCommodity (Marxism)ExternalityOptimization
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Impact of Global Economic Crisis on the European Welfare States

2013

The global economic crisis and the subsequent weaker growth are putting under pressure welfare states in the EU. This paper aims at discussing the effects of the crisis at the social level and at identifying whether the classic European welfare state models (Nordic, Continental, Anglo-Saxon and Mediterranean) are still valid in today’s economy. An answer will be tried using the mathematical tool of principal components analysis. The results will be observed in graphs where the states taken into consideration respect the classical welfare models or they regroup themselves into new circumstances’ adapted models. Even though the classical welfare models are generally still checked up with the …

PensionEconomic policyEuropean Welfare States Global Economic Crisis Principal Component Analysismedia_common.quotation_subjectjel:D60Welfare state -- European Union countriesWelfare statePrincipal components analysisGeneral Business Management and AccountingRecessionjel:H53Global Financial Crisis 2008-2009EconomyUnemploymentFinancial crisisEconomicsSocial dumpingGeneral Economics Econometrics and FinanceWelfaremedia_commonSocial policyEUROPEAN RESEARCH STUDIES JOURNAL
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