Social loss with respect to the core of an economy with externalities
نویسندگان
چکیده
منابع مشابه
Social loss with respect to the core of an economy
The dual notion of Pareto-e¢ciency (i.e., individual utilities cannot be reached with fewer resources than those of the allocation under consideration) is used in order to de...ne the resources-core. A measure of social loss with respect to the core is then introduced, more or less as already done with respect to the locus of e¢cient allocations. JEL Classi...cation: D61
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2020
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s00199-020-01293-x