Social loss with respect to the core of an economy
نویسنده
چکیده
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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ورودعنوان ژورنال:
- Social Choice and Welfare
دوره 19 شماره
صفحات -
تاریخ انتشار 2002