scholarly journals Analysis of the Social Welfare Effect of Environmental Regulation Policy Based on a Market Structure Perspective and Consumer

2019 ◽  
Vol 12 (1) ◽  
pp. 104
Author(s):  
Lijie Wang ◽  
Jianjun Lu
Keyword(s):  
Social Welfare ◽  
Market Structure ◽  
Scenario Analysis ◽  
Consumer Preferences ◽  
Environmentally Friendly ◽  
Welfare Effects ◽  
Welfare Effect ◽  
Environmental Tax ◽  
The Social ◽  
The Government

With the implementation of regulatory policies, some new problems are emerging, such as uneven governance effects, large differences in economic growth, and social welfare inequalities. In order to promote the sustainable development of both the economy and the environment, it is necessary to provide theoretical explanations for the above phenomena. Thus, this paper constructs a theoretical model of social welfare effects based on the Cournot model. Additionally, the scenario analysis method is used to analyze the social welfare effects of environmental control policies from the perspective of market structure and consumer preferences. The findings of the scenario analysis are as follows: (1) the social welfare effect of environmental subsidy policy is greater than the social welfare effect of environmental tax policy when the absolute difference between the external value of environmentally friendly goods and non-environmental goods is less than 7.4 units and (2) the implementation of environmental subsidy policies or environmental tax policies will improve social welfare when the market structure is a completely competitive market and when both of the externalities of environmentally friendly commodities and non-environmental commodities are not the same at intervals (0, 0.335) and (−0.335, 0). We conclude that (1) the government should consider externalities, market powers, and consumer preferences when implementing environmental regulation policies and (2) the government can achieve a trend toward the development of environmentally friendly goods by guiding consumer preferences and harnessing market power.

scholarly journals Cards on the Table: Efficiency and Welfare Effects of the No-Surcharge Rule

2018 ◽  
Vol 17 (1) ◽  
pp. 25-50 ◽  
Author(s):  
David Henriques
Keyword(s):  
Social Welfare ◽  
Optimal Policy ◽  
Network Externalities ◽  
Welfare Effects ◽  
Retail Price ◽  
Electronic Payment ◽  
Price Efficiency ◽  
Payment Card ◽  
The Social ◽  
Card Payment

Abstract In Electronic Payment Networks (EPNs), the No-Surcharge Rule (NSR) requires that merchants charge at most the same amount for a payment card transaction as for cash. In this paper, I use a three-party model (consumers, local monopolistic merchants, and a proprietary EPN) with endogenous transaction volumes, heterogeneous card use benefits for merchants and network externalities of card-accepting merchants on cardholders to assess the efficiency and welfare effects of the NSR. I show that the NSR: (i) promotes retail price efficiency for cardholders, and (ii) inefficiently reduces card acceptance among merchants. The NSR can enhance social welfare and improve payment efficiency by shifting output from cash payers to cardholders. However, if network externalities are sufficiently strong, the reduction of card payment acceptance affects cardholders negatively and, with the exception of the EPN, all agents will be worse off under the NSR. This paper also suggests that the NSR may be an instrument to decrease cash usage, but the social optimal policy on the NSR may depend on the competitive conditions in each market.

scholarly journals Capacity Choice and Government Regulation in a Vertical Industry

2020 ◽  
Vol 31 (5) ◽  
pp. 513-524
Author(s):  
Junlong Chen ◽  
Yajie Wang ◽  
Jiali Liu
Keyword(s):  
Social Welfare ◽  
Government Regulation ◽  
Market Competition ◽  
Excess Capacity ◽  
Market Demand ◽  
Government Failure ◽  
Regulatory Policies ◽  
The Social ◽  
Capacity Choice ◽  
The Government

This paper sets up an industry competition model consisting of two upstream enterprises and two downstream enterprises. Then we rely on the model to explore how non-regulation and different regulatory policies (maximizing the total profits of the upstream enterprises, the social welfare of the upstream industry or the overall social welfare) affect the following factors: the excess capacity, enterprise profits, consumer surpluses, social welfare in the upstream and downstream enterprises and the overall social welfare. The following conclusions are drawn from our research. First, whether and how the government regulates the capacity choice greatly affect the equilibrium outcomes, as well as the welfare distribution among the upstream enterprises, downstream enterprises, and consumers. The specific effects are dependent on market demand and enterprise cost. Second, the government should formulate its regulatory policies on capacity choice based on the overall social welfare of the entire supply chain. If the government aims to maximize the profits of the upstream enterprises, the social welfare of the downstream industry will be negatively affected. Third, excess capacity does not necessarily suppress social welfare. Under certain conditions, the worst scenario of excess capacity may occur under the pursuit of the maximal overall social welfare. Excess capacity may arise from various causes, rather than market competition or government regulation alone. Excess capacity cannot be attributed solely to government failure. These conclusions have some significance for optimizing capacity regulation policies.

scholarly journals Implikasi dan Arah Kebijakan Pemberian Anggaran APBN/APBD Untuk Operasional Pengelola Zakat dalam Meningkatkan Fungsi Pemerintah

2017 ◽  
Vol 5 (2) ◽  
pp. 23-28
Author(s):  
Cucu Solihah
Keyword(s):  
Social Welfare ◽  
State Development ◽  
Role Of Government ◽  
Regional Budget ◽  
The Social ◽  
The Government

The commitment in building Indonesia as a prosperous country gives consequence to the role of government in prospering the community. It is conducted by empowering the programs having potency of financial sources for developing this state. Beside the tax as the financial source of state development, the government enforces the policy of zakat management.  The policy is the act number 23 in 2011 concerning zakat management in which the fund derives from the national / regional budget. In this case, the national or regional zakat council manages the zakat management. It is expected, it can help the process of state development and be a media in improving the social welfare as one of the government’s roles

STORE PROMOTION, MANUFACTURER COMPETITION AND WELFARE

2021 ◽  
pp. 1-18
Author(s):  
HAO WANG ◽  
XUNDONG YIN ◽  
ALICE Y. OUYANG
Keyword(s):  
Social Welfare ◽  
Consumer Preferences ◽  
Consumer Surplus ◽  
Weighted Average ◽  
Brand Name ◽  
Price Distortion ◽  
Online Platforms ◽  
Brand Competition ◽  
The Social ◽  
Partial Exclusion

This study evaluates the partial exclusion effects of store promotion. We find that a manufacturer with a better brand name has a higher willingness-to-pay for promotion services offered by retail stores or online platforms. The promotion results in higher sales-weighted average prices (wholesale and retail) and a larger inter-brand price gap. The stores or platforms extract more profits from manufacturers and consumers through the promotion services. The effects on consumer surplus and social welfare depend on whether the promotion alters consumer preferences. If it does, more consumers would be choosing their less-preferred brands because of the larger inter-brand price gap, which would be socially inefficient. If it does not, the promotion may help to correct the price distortion, but the social welfare effect is positive only when the promotion effect is small enough. In both cases, the promotion services reduce the total consumer surplus by softening inter-brand competition.

Naked Open-Market Manipulation and Its Effects

2018 ◽  
pp. 199-231 ◽  
Author(s):  
Merritt B. Fox ◽  
Lawrence R. Glosten ◽  
Gabriel V. Rauterberg
Keyword(s):  
Social Welfare ◽  
Theory Of The Firm ◽  
Analytical Framework ◽  
Welfare Effects ◽  
Market Manipulation ◽  
Open Market ◽  
Central Question ◽  
Federal Law ◽  
Trading Activity ◽  
The Social

More than 80 years after US federal law first addressed stock market manipulation, there is still dispute about manipulation law’s foundational principles; this chapter aims to provide clarity by offering an analytical framework for understanding a specific manipulation. There has been a sharp split among the federal circuits concerning manipulation law’s central question: Can trading activity alone ever be considered illegal manipulation? Economists and legal scholars do not agree on whether manipulation is possible in principle, let alone on how to address it properly in practice. The framework offered by this chapter aims to help clarify federal law and may guide regulators in successfully prosecuting financial law’s most intractable wrong. We draw on the tools of microstructure economics and the theory of the firm to provide an analysis of a particular form of manipulation, identify who is harmed by it, and evaluate the social welfare effects.

scholarly journals Payment for Rice Growers to Reduce Using N Fertilizer in the GHG Mitigation Program Driven by the Government: Evidence from Shanghai

2019 ◽  
Vol 11 (7) ◽  
pp. 1927
Author(s):  
Hai-Ying Gu ◽  
Qing-Mi Hu ◽  
Tian-Qiong Wang
Keyword(s):  
Social Welfare ◽  
Economic Value ◽  
Participation Rate ◽  
N Fertilizer ◽  
Shadow Prices ◽  
Ghg Mitigation ◽  
The Social ◽  
Directional Output Distance Function ◽  
The Government ◽  
The Relationship

The overuse of N fertilizer by rice growers triggers excessive greenhouse gas (GHG) emission, leading to the environmental and climatic problem. However, growers will probably suffer loss in profits if they reduce the use of N fertilizer under the existing technology condition. The payment in market-based or government-driven way may overcome the potential barrier. For the appropriate carbon trading market is absent, the government-driven program will play a role in the payment. Three key issues in the designed program are the price of the payment, the participation rate of rice growers, and the variation of items associated with the social welfare. Due to the difficulty in estimating the economic value, prices of the payment can be set according to shadow prices. This paper applies the parametric directional output distance function to derive shadow prices of CO2 for 308 rice growers in Shanghai from 2008–2015. Average shadow prices range from RMB 1130 to 3769 yuan/ton (or US 163 to 618 $/ton). Taking the year of 2015 as sample, this paper predicts the participation rate (97.08%) of rice growers with the aim of 10% N fertilizer reduction and the specific price of the payment (7.47 yuan/kg). Moreover, this paper discusses on the variation of factors linked with the social welfare, and derive two important relationships from it. In detail, the relationship between the yield of the rice and the reduction of the N fertilizer should be balanced; the relationship between the improvement on the profit of rice growers (or the participation rate) in the program and the payment by the government should also be balanced.

scholarly journals Managing corporate identities of non-profit organisations in the social welfare sector

2013 ◽  
Vol 5 (2) ◽  
Author(s):  
Lida Holtzhausen
Keyword(s):  
Social Welfare ◽  
Identity Management ◽  
Research Question ◽  
Corporate Identity ◽  
Research Approach ◽  
Full Potential ◽  
Structured Interviews ◽  
Non Profit ◽  
The Social ◽  
The Government

Present-day South Africa is characterised by many societal and developmental issues, such as HIV awareness and prevention, child-headed households, environmental protection, poverty alleviation, violence and victim aid. However, it is widely acknowledged that government alone cannot address these issues effectively. The role of non-profit organisations (NPOs) in addressing social and development issues is increasingly emphasised. NPOs work at grass-roots level and they can therefore, on the whole, identify societal vulnerabilities and risks earlier than the government sector. However, due to the economic recession, NPOs operate in a competitive environment where an increasing number of NPOs rely on a small number of donors and other resources. NPOs should therefore differentiate themselves from the competition in order to obtain public legitimacy and funding. Corporate identity management is important for NPOs to fulfil their role in social welfare and thus contribute to disaster risk reduction. The exploratory nature of this study dictates a qualitative research approach. Semi-structured interviews with management of five NPOs in the social welfare sector were conducted in order to provide an answer to the study’s research question: ‘To what extent do NPOs in the social welfare sector practise corporate identity management, in order to prevent and address social welfare risks?’ The research found that NPOs do not realise the full potential of managing their corporate identities. NPOs therefore do not take advantage of a strong and distinct corporate identity which would allow them to ensure their ability to assess, address, reduce and/or alleviate vulnerabilities and disaster risks.

Equilibrium Strategies and Optimal Control for a Double-Ended Queue

2016 ◽  
Vol 33 (03) ◽  
pp. 1650022 ◽  
Author(s):  
Ying Shi ◽  
Zhaotong Lian
Keyword(s):  
Social Welfare ◽  
Death Process ◽  
Birth And Death Process ◽  
Individual Utility ◽  
Decentralized System ◽  
Taxi Drivers ◽  
Equilibrium Strategies ◽  
The Social ◽  
The Government ◽  
Centralized System

In this paper, we study a passenger–taxi matching queue system. The system is modeled as a birth-and-death process. Since the system is so complex, we mainly focus on numerical analysis. A centralized system and a decentralized one are considered. In the centralized system, the government sets thresholds for both passengers and taxis to maximize the social welfare. We analyze the performance measures of this model, discuss the range of two thresholds that ensures positive social welfare, and numerically give the upper bound of threshold. In the decentralized system, passengers and taxis determine whether to join the system or balk based on their individual utility functions. Further, we consider the government’s tax and subsidy to the taxi drivers. Numerical results show that the social welfare function in the centralized system is concave with respect to the thresholds and the government central planning benefits the society. In the decentralized system, no matter what the passenger and taxi arrival rates are, the social welfare is concave with respect to the taxi fare. Moreover, we analyze the effect of the arrival rates and the benefits of the tax and subsidy.

scholarly journals THE APPLICATION OF THE BALANCE PRINCIPAL IN THE NATURAL RESOURCES MANAGEMENT IN MARINE AND COASTAL AREAS

2014 ◽  
Vol 26 (2) ◽  
pp. 285
Author(s):  
Jantje Tjiptabudy
Keyword(s):  
Social Welfare ◽  
Natural Resources ◽  
Positive Impact ◽  
Natural Resources Management ◽  
Conceptual Approach ◽  
Resources Management ◽  
Balance Principle ◽  
The Social ◽  
The Government ◽  
Government Authority

This research aims to discuss the implementation of balance principle of marine and coastal resources management.  The type of this research is a normative research by way of applying the provisions and conceptual approach. The result of the research shows that the government authority is more dominant than protect the interest of adat law society. In the implementation of balance principle with regards to the coastal and natural resources management has not yet fully provided the positive impact for the social welfare. Besides, both parties have different concept of balance principle, so that it is incompatible with the substance and interpretation in its implementation. Penelitian ini bertujuan mengkaji penerapan asas keseimbangan dalam pengelolaan sumberdaya alam laut dan pesisir. Jenis Penelitian ini adalah normatif dengan menggunakan pendekatan perundang-undangan dan pendekatan konsep. Hasil penelitian menunjukkan bahwa kewenangan pemerintah lebih dominan dalam pengelolaan sumber daya alam, namun kurang memberikan perlindungan terhadap kepentingan masyarakat hukum adat. Penerapan prinsip keseimbangan dalam pengelolaan sumberdaya alam di wilayah laut dan pesisir belum sepenuhnya memberikan pengaruh positif bagi kesejahteraan masyarakat. Selain itu, kedua belah pihak mempunyai konsep yang berbeda tentang prinsip keseimbangan sehingga dalam penerapannya belum sesuai dengan makna atau hakekatnya.

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