scholarly journals When a sense of justice hinders social efficiency: Pareto axiom revisited.

1996 ◽  
Vol 67 (5) ◽  
pp. 367-374 ◽  
Author(s):  
Yohsuke Ohtsubo ◽  
Tatsuya Kameda ◽  
Yuki Kimura
Keyword(s):  
Social Efficiency ◽  
Pareto Axiom ◽  
Sense Of Justice

A Liberdade e a Justiça: horizontes para uma racionalidade socioambiental

2020 ◽  
Author(s):  
José Luis Sepúlveda Ferriz
Keyword(s):  
The Other ◽  
Human Being ◽  
Human Beings ◽  
Great Opportunity ◽  
The World ◽  
Authentic Development ◽  
Sense Of Justice

Freedom and Justice have always been challenged. Since the most remote times, and in the most varied circumstances of places and people, human beings have tried to clarify and put into practice these two controversial concepts. Freedom and Justice, in effect, are words, but also dreams, desires and practices that, not being imperfect, are less sublime and ambitious. Reflecting on them on the basis of an ethics of development and socioenvironmental sustainability is still a great challenge in our contemporaneity. This book is born from the need that we all have to reflect, understand what our role is in relation to the OTHER, understood as the other as Environment. Doing this from such disparate areas and at the same time as current as Economics, Philosophy and Ecology, is still a great opportunity to discuss complexity, transdisciplinarity and the inclusion of diverse themes, but which all converge in the Human Being and its relationship with the world. Endowing human beings with Freedom and a sense of Justice means RESPONSIBILITY. To be free and to want a better and fairer world is to endow our existence with meaning and meaning. Agency, autonomy, functioning, dignity, rights, are capacities that must be leveraged individually and collectively for authentic development to exist. Development as Freedom is a valid proposal for thinking about a socio-environmental rationality that interferes in the controversial relations between economics, ethics and the environment.

Social Programming as a Possibility to Increase Social Efficiency

2018 ◽  
Author(s):  
Venelin Terziev ◽  
V. Banabakova ◽  
Marin Georgiev
Keyword(s):  
Social Efficiency

Impact of Competition on Efficiency of Microfinance Institutions: Cross Country Comparison of India and Bangladesh

2021 ◽  
pp. 097300522110052
Author(s):  
Joyeeta Deb ◽  
Ram Pratap Sinha
Keyword(s):  
Information Exchange ◽  
Data Envelopment ◽  
Bottom Of The Pyramid ◽  
Microfinance Institutions ◽  
Tobit Regression ◽  
Social Efficiency ◽  
Trade Off ◽  
Social Objective ◽  
Efficient Level ◽  
Potential Impact

Increased competition coupled with commercialisation in the Indian microfinance sector has brought about many major transformations. From an impact-driven development programme, microfinance institutions (MFIs) today emerged as commercially oriented profit-making entities. In addition to bringing their commercial and social objectives into balance, MFIs today are striving for efficient level of operation. Efficiency in the level of operation of MFIs allows them to remain competitive and attain financial sustainability. However, it is also imperative for MFIs to remain socially committed towards the ultimate mission of reaching the poorest at the bottom of the pyramid. Hence, it is of research interest to see the trade-off between MFIs’ social objective of spreading outreach and at the same time remaining financially sustainable. Against this backdrop, this article is devoted to study the potential impact of competition and commercialisation on efficiency of MFIs in India and Bangladesh. The study is carried over 75 MFIs altogether over the period of 8 years from 2009 to 2016. The data have been collected from microfinance information exchange database. Efficiency is measured through technical efficiency (TE) scores as estimated under data envelopment analysis. In order to establish the association between competitions, which is estimated by the Herfindahl–Hirschman index (HHI), tobit regression is used. The study evidenced increasing level of competition in the sector over the years, but it is more pronounced in India as against Bangladesh. In order to analyse the trade-off, TE scores are separately estimated under both financial and social measures. TE score is found to be higher in case of social measures of efficiency as against financial efficiency. Further, under both the measures, competition is found to be having a significant impact on both financial and social efficiency.

scholarly journals Performance Evaluation of Sheltered Workshops. Does Legal Status Matter?

2021 ◽  
Vol 13 (3) ◽  
pp. 1100
Author(s):  
María-Celia López-Penabad ◽  
José Manuel Maside-Sanfiz ◽  
Juan Torrelles-Manent ◽  
Carmen López-Andión
Keyword(s):  
Economic Efficiency ◽  
Social Enterprise ◽  
Market Integration ◽  
Legal Status ◽  
Economic Returns ◽  
Truncated Regression ◽  
Social Efficiency ◽  
Non Profit ◽  
Sheltered Workshops ◽  
For Profit

Social enterprise pursues both social and economic goals and is recognized as a formula for achieving sustainable development. Sheltered workshops (SWs) are a manifestation of this phenomenon, their main objective being the labor market integration of disabled people. In this paper, the efficiency of SWs has been studied taking into account the operational and the core social aspects, as well as their distinct nature, namely for-profit or non-profit status. Additionally, we have analyzed the relationship between the social efficiency and the economic returns of these entities. To do this, a semiparametric methodology, combining different data envelopment analysis (DEA) models with truncated regression estimation has been used. It is the non-profit and top-performing SWs that achieve the best social and economic efficiency. For-profit and low-performing SWs show further reductions in social efficiency as a result of the economic crisis and uncertainty in subsidy-related public policies. Their extensive social proactiveness and high economic strength in the crisis period positively influenced their social and economic efficiency. We have also proven that it is the most profitable SWs that have the greatest social efficiency. We consider that our results constitute a useful complement to other evaluation models for social enterprise.

scholarly journals On Measuring Aggregate “Social Efficiency”

2005 ◽  
Vol 53 (2) ◽  
pp. 273-292 ◽  
Author(s):  
Martin Ravallion
Keyword(s):  
Social Efficiency

Monopoly Regulation Under Relaxed Pareto Efficiency

2017 ◽  
Vol 5 (2) ◽  
pp. 162-176
Author(s):  
Ismail Saglam
Keyword(s):  
Marginal Cost ◽  
Regulatory Environment ◽  
Pareto Dominance ◽  
Incentive Compatible ◽  
Monopoly Regulation ◽  
Dominance Relationships ◽  
Ex Post ◽  
Ex Ante ◽  
Pareto Axiom ◽  
Set Of Points

Baron and Myerson (BM; 1982, Econometrica, 50(4), 911–930) propose an incentive-compatible, individually rational and ex ante socially optimal direct-revelation mechanism to regulate a monopolistic firm with unknown costs. Their mechanism is not ex post Pareto dominated by any other feasible direct-revelation mechanism. However, there also exist an uncountable number of feasible direct-revelation mechanisms that are not ex post Pareto dominated by the BM mechanism. To investigate whether the BM mechanism remains in the set of ex post undominated mechanisms when the Pareto axiom is slightly weakened, we introduce the ∈-Pareto dominance. This concept requires the relevant dominance relationships to hold in the support of the regulator’s beliefs everywhere except for a set of points of measure ∈, which can be arbitrarily small. We show that a modification of the BM mechanism which always equates the price to the marginal cost can ∈-Pareto dominate the BM mechanism at uncountably many regulatory environments, while it is never ∈-Pareto dominated by the BM mechanism at any regulatory environment.

Materially Just: Virtuous Methodology in Fascist Times

2021 ◽  
pp. 194084472110126
Author(s):  
Aaron M. Kuntz
Keyword(s):  
Daily Lives ◽  
Philosophical Inquiry ◽  
Inquiry Practices ◽  
Sense Of Justice ◽  
Do So

In this article, I consider how our materialist inquiry might enact a sense of justice and virtue in these fascist times. I do so through the following overarching claim: addressing fascism requires a simultaneous challenge to the seductive entanglements of liberalism, humanism, and capitalism, a dense skein of ethical, ontological, epistemological, and material formations we order to conventionally live our lives. To engage such an argument, I first examine fascism as a governing force within our daily lives that works to shape the material contexts we encounter each and every day. To productively engage with the ubiquity of fascist ways of living, I examine philosophical inquiry practices that extend from a decidedly materialist orientation.

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