1933
DOI: 10.2307/2224491
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The Economics of Welfare.

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Cited by 293 publications
(95 citation statements)
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“…Externalization characterizes the divergence between marginal public environmental and social costs vis‐a‐vis marginal private costs (Baumol & Oates, ; Pigou, ). Companies that are effective in externalizing the social and environmental costs of their products and services can often, in the absence of stricter regulation or social rejection, increase short‐term shareholder value.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Externalization characterizes the divergence between marginal public environmental and social costs vis‐a‐vis marginal private costs (Baumol & Oates, ; Pigou, ). Companies that are effective in externalizing the social and environmental costs of their products and services can often, in the absence of stricter regulation or social rejection, increase short‐term shareholder value.…”
Section: Literature Reviewmentioning
confidence: 99%
“…The tax, an individual should bear, must be equal to the cost of benefit receives that is, cost-benefit postulation. Yet a complimentary theory, "Ability to pay" theory by Pigou (1920) suggests that every citizen should pay taxes according to his ability to pay, to meet the cost of Government expenditure. The Ability to pay theory of taxation is synonymous with the principle of equity or justice in taxation.…”
Section: Underpinning Theoriesmentioning
confidence: 99%
“…Robinson (1933) was the first to apply Pigou's (1932) concept of third‐degree price discrimination at a commodity market to the labour market. She argued that if groups of workers can be distinguished that differ in their labour supply elasticities at the firm level the firm will profit from paying different wages to these groups.…”
Section: Robinsonian Discrimination Firm‐level Labour Supply Andmentioning
confidence: 99%