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Applied and bridge studies study record
Methods & measurementReform Dividend Methodology Appendix: Measuring Positive System Welfare in SAPM Reform Cases
STATUS · Manuscript in progressSSRN · Not yet posted
MECHANISM
Identify the incentive structure and the condition that would falsify the claim.
RULE CHANGE
Read the intervention only after the paper shows how the current payoff space fails to support system welfare.
READER USE
Use the summary to see where private gain creates system exposure, then check the study record.
Contribution — what this adds to the conversation
Converts the Reform Dividend from a rhetorical category into an auditable measurement target with explicit axioms, screening tests, and CGE constraints. Bridges the Missing System Theory to reform accounting via Decision Accounting Field 17.
WHAT'S NEW · Synthesizes welfare economics, CGE, inclusive wealth, and real options into a unified measurement protocol for positive system welfare. The six axioms and the aggregation theorem are novel within the SAPM program.
This appendix defines the Reform Dividend measurement rule for the System Asset Pricing Model (SAPM). It provides six axioms, an aggregation theorem, and screening tests to ensure that positive system-welfare claims are auditable and replicable. The aggregate Reform Dividend across 58 ranked revenue-ratio domains is $72 trillion annually.