On the Curvature Properties of “Long” Social Welfare Functions
This study characterizes the concavity properties of the Jorgenson and Slesnick’s social welfare function that is likely the most empirically relevant function among the family of “long” welfare functions. We bridge this knowledge gap using the definition of generalized concavity to show the conditi...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2023-03-01
|
| Series: | Mathematics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7390/11/7/1674 |