Article ID Journal Published Year Pages File Type
969778 Journal of Public Economics 2011 6 Pages PDF
Abstract

Economic and social welfare is inherently multidimensional. However, choosing a measure which combines several indicators is difficult and may have unintendend and undesirable effects on the incentives of policy makers. We develop a nonparametric empirical method for deriving welfare rankings for a social planner based on data envelopment, which avoids the need to specify a weighting scheme. We apply this method to data on Human Development.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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