Book
Welfare Economics and Public Choice.
| Taitara: | Welfare Economics and Public Choice. |
|---|---|
| Ngā kaituhi: | Rowley, Charles K., Schneider, Friedrich, Besley, Timothy |
| Puna: | Encyclopedia of Public Choice; 2003, p933-937, 5p |
| Whakarāpopotonga: | Welfare economics provides the basis for judging the achievements of markets and policy makers in allocating resources. Its most powerful conceptual tool is the utility possibility frontier. This defines the set of utility allocations that can be achieved in a society subject to the constraints of tastes and technologies. Any allocation on the frontier cannot be Pareto dominated and hence would satisfy a rather minimal condition for it to be socially desirable. [ABSTRACT FROM AUTHOR] |
| Copyright of Encyclopedia of Public Choice is the property of Springer eBooks and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| DOI: | 10.1007/978-0-306-47828-4_213 |
| Pātengi raraunga: | Supplemental Index |
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