The market, in other words, is already working to accommodate consumer preferences and maximize social welfare with only minimal intrusion by the government.

Agents are maximizing welfare, which is based on individual conception constrained by income, time, and imperfect memory and calculation capabilities.

If we know the values, then maximizing social welfare reduces to computing a maximum weight bipartite matching.

Nevertheless, some bright spots in the region's economic sector emerged from 2001-2003 which the region can capitalize to further increase economic growth and maximize social welfare.

Moral suasion is used when economically rational individual behaviours of economic agents do not maximise collective welfare.

The consumer maximizes welfare at point 6.

As a result, there is an "optimal subsidy" which maximizes the domestic firm's profits and hence domestic social welfare.

Typically the literature on trade policy in the presence of imperfect competition has derived optimal tariff and subsidy policies that maximize economic welfare.

If so, imprisoning them might maximize welfare by limiting their opportunities to cause harm and therefore the benefit lies within protecting society.

Economic theories of taxation approach the question of how to maximize economic welfare through taxation.