Identification of Pareto-improving policies: Information as the real invisible hand

Identification of Pareto-improving policies: Information as the real invisible hand

Finite sets of market data may not suffice to determine Pareto-improving policies.

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Veröffentlicht in:Journal of mathematical economics 2008-01, Vol.44 (2), p.167-179
Hauptverfasser: Carvajal, Andrés, Polemarchakis, H.M.
Format: Artikel
Sprache:eng
Schlagworte:
Constrained suboptimality
Data analysis
Economic methodology
Finite element analysis
General economic equilibrium
General equilibrium
Identification
Market analysis
Market equilibrium
Pareto efficiency
Pareto optimum
Studies
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Beschreibung
Zusammenfassung:Finite sets of market data may not suffice to determine Pareto-improving policies.
ISSN:0304-4068
1873-1538
DOI:10.1016/j.jmateco.2007.04.008