This shareholder wealth maximization objective is justified on the grounds that it maximizes social welfare. In this article, the first of a two-part set, we argue that, although this shareholder ...

Donald Keenan, Value Maximization and Welfare Theory, The Journal of Legal Studies, Vol. 10, No. 2 (Jun., 1981), pp. 409-419 ...

Our news journalists obtained a quote from the research from the Federal Reserve Bank of Cleveland,“ A welfare-maximizing policy features wage growth stabilization with variation in the employment gap ...

Maximizing consumer welfare is the ultimate justification for an economy. Consumers are of course also workers and voters. Contrary to President Obama’s claim, skill at profit maximization does ...

We argue that maximization of shareholder welfare is not the same as maximization of market value. We propose that company and asset managers should pursue policies consistent with the preferences of ...

On a smaller, individual scale, we make utilitarian welfare decisions daily. Choosing how we spend our time and money, we take into account various factors in an attempt to decide with the ...

Maximizing corporate profits, at first blush, seems to negate the maximization of less tangible assets such as public welfare, efficiency, labor loyalty, managerial accountability or workplace ...

Given private behavior, social welfare is optimized. We interpret the first-order conditions for welfare maximization to identify the key margins and then simulate a calibrated version of the model.

This paper develops a general equilibrium lifecycle model to explore the welfare and inequality implications of different ways to return carbon tax revenue back to households. We find that the welfare ...

In order to maximize welfare, enforcers must have an understanding of – and seek to maximize the difference between – the aggregate costs and benefits that are likely to flow from their policies.