The selection principle and market failure in systems competition

Article Abstract:

Three models are employed to analyze the concept that if governments submit to conditions where markets failed, reintroducing markets by backdoor of systems will again lead to market failure. The first model is focused on congestion-prone public goods and indicates that fiscal competition may be dangerous for the governments. The second, which emphasizes insurance function of redistributive taxation, suggests that adverse selection may affect systems competition. Finally, the last focuses on the role of quality regulation, indicating that systems competition may be a competition of laxity leading to incompetently low quality standards.

Analysis, Markets (Economics), Economic research

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Welfare-consistent inequality indices in changing populations: the marginal population replication axiom

Article Abstract:

The classical relative inequality Atkinson indices were proven effective in dealing with the marginal population replication axiom. The suitability of the Atkinson indices with the replication axiom, which states that a non-dynamic social welfare is created when a measured households economy is combined with an extra household having equally-distributed equivalent income, makes it efficient in assessing inequality in changing population.

Welfare economics, Population research, Axioms

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