welfare analysis of social choice function

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• Social choice theory — is a theoretical framework for measuring individual interests, values, or welfares as an aggregate towards collective decision. A non theoretical example of a collective decision is passing a set of laws under a constitution. Social choice theory …   Wikipedia

• Social Choice and Individual Values — Kenneth Arrow s monograph Social Choice and Individual Values (1951, 2nd ed., 1963) and a theorem within it created modern social choice theory, a rigorous melding of social ethics and voting theory with an economic flavor. Somewhat formally, the …   Wikipedia

• Welfare economics — Economics …   Wikipedia

• Social welfare function — In economics a social welfare function can be defined as a real valued function that ranks conceivable social states (alternative complete descriptions of the society) from lowest on up as to welfare of the society. Inputs of the function include …   Wikipedia

• Choice — For other uses, see Choice (disambiguation). Choice consists of the mental process of judging the merits of multiple options and selecting one of them. While a choice can be made between imagined options ( what would I do if ...? ), often a… …   Wikipedia

• Social sciences — The social sciences comprise academic disciplines concerned with the study of the social life of human groups and individuals including anthropology, communication studies, criminology, economics, geography, history, political science, psychology …   Wikipedia

• Rational choice theory — This article is about a theory of economics. For Rational Choice Theory as applied to criminology, see Rational choice theory (criminology). Economics …   Wikipedia

• Consumer choice — Economics …   Wikipedia

• Public choice theory — Public choice in economic theory is the use of modern economic tools to study problems that are traditionally in the province of political science. (A more general term is political economy , an earlier name for economics that evokes its… …   Wikipedia

• Cobb–Douglas production function — A two input Cobb–Douglas production function In economics, the Cobb–Douglas f form of production functions is widely used to represent the relationship of an output to inputs. Similar functions were originally used by Knut Wicksell (1851–1926),… …   Wikipedia

• Medical analysis of circumcision — Numerous medical studies have examined the effects of male circumcision with mixed opinions regarding the benefits and risks of the procedure. Opponents of circumcision say it is medically unnecessary, is unethical when performed on newborns, is… …   Wikipedia