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Review of Welfare Economics
Pigouvian Corrective Pricing for Externalities in Consumption
The Traditional Theory of Household Behavior
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achieve aggregate analysis assumed assumption average utility Becker Benthamite bequests budget constraint capita utility capital market Chapter child allowance child quality choices classical utilitarianism commodities competitive equilibrium consider consumer consumption Dasgupta dynasty Econometrica effect elasticity endogenous fertility envelope theorem equations exogenous expenditure feasible allocation fertility is endogenous first-order conditions follows future home economics human capital implications of endogenous income increasing indifference curve indirect utility function individual intergenerational investment in human Journal of Political labor supply laissez-faire lump-sum tax marginal rate market failure Marshallian Demand Functions maximization negative number of children optimal population optimization problem output parents Pareto efficient Pareto-efficient allocation Pigouvian Pigouvian taxes Political Economy population growth population policy positive possibility frontier preferences price vector production possibility frontier quality of children rate of substitution redistribution resource constraint respect Samuelson second-best social welfare function socially optimal subsidy theory total utility utility function variable welfare economics