𝔖 Bobbio Scriptorium
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Price Economics Versus Welfare Economics: Contemporary Opinion

✍ Scribed by Frank A. Fetter


Book ID
123941736
Publisher
American Economic Association
Year
1920
Tongue
English
Weight
510 KB
Volume
10
Category
Article
ISSN
0002-8282

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A linear-quadratic welfare maximization model is formulated to study the trade-offs between the political desirability and the economic cost of reducing foreign trade. The model is then applied to the case of Iran and a dynamic programming algorithm is employed to calculate the numerical values of t