InhaltsangabeOverview.- Inequality, Poverty, and Welfare: Social Welfare and Income Distributions.- Inequality and Poverty Indexes.- Welfare and Efficiency: Inequality, Efficiency, and the Production Sphere.- Efficiency and Welfare.- Information Incentives and Performance.- Summary Example and Numerical Simulations: A Summary Example.- Implementing the Example: One Time Period.- Dynamics: Many Time Periods.- Final Remarks.- Appendix: Implementing 2008 Income Data for Italy.

PierCarlo Nicola was Professor of Mathematical Economics at the University of Milan, 1975-2009. Academician, Accademia Nazionale dei Lincei (Rome), since 2009 and Member of Istituto Lombardo, Accademia di Scienze e Lettere, Milan, since 1996.