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Chinese Journal of Management Science ›› 2001, Vol. ›› Issue (6): 21-25.

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A Research on Social Welfare Maximization and Resource Expenditure Minimization Considering the Money Metric Social Welfare Function

MENG Qing-chun, WANG Jian-min   

  1. School of Mathematics and System Science, Shandong University, Jinan 250100, China
  • Received:2001-02-19 Online:2001-12-28 Published:2012-03-06

Abstract: In this paper we use the money metric social welfare function to give the social welfare maximization model and the resource expenditure minimization model after adding the efficiency constraint condition on the base of document[1],then discuss their relation,at last give the excise rates,the individual income tax rates and the subsidy rates,and indicate the relation between the social welfare maximization point and Pareto efficiency.

Key words: money metric social welfare function, social welfare, resource expenditure, excise, individual income tax and subsidy, Pareto optimal

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