The third argument, based on economic reasoning, holds that environmental considerations can and should play a role within the neoclassical economic model
of welfare analysis.
Investment priorities to support business performance factors affecting the educational welfare analysis
The Payne exercise (mother's motives for taking the child abroad, father's motives in opposing the application, impact of the move on father and child and impact on mother of refusal) were all part of
the welfare analysis and none of the factors were deemed more important than the others.
In summary, Ryder LJ held that
welfare analysis is required and the welfare of the child is paramount and it requires each and every realistic option to be considered in a comparative evaluation.
Undertake
a welfare analysis of the realistic options available in respect of the placement of a child using the relevant checklist (s. 1 (3) Children Act 1989 and s. 1 (4) Adoption and Children Act 2002)
Their work has included attention to modelling the dynamics and effects of competition in these markets, including how to think about traditional antitrust concepts such as market definition, market power and
welfare analysis.