Physical Sciences and Mathematics Commons^™

Essays On Applied Welfare Economics., Sutirtha Bandyopadhyay Dr.

Doctoral Theses

The measurement of welfare forms the foundation of public policy analysis. It is an area where empirical investigations clearly benefits from theoretical insight and where theoretical concepts are brought alive and appropriately focused by the discipline of empirical relevance and policy design. While welfare measurement at the micro level is of independent interest, of greater concern is the well-being of groups of households/individuals.A widely discussed issue in the literature of welfare economics is ‘whose welfare to measure’ when we are interested to measure the well-being of a group of individuals. The most common approach is to assume the existence of …