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Un criterio de eficiencia para la concepción y evaluación de las políticas públicas

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  • Erika López Pontón

    ()
    (Universidad de la Sorbona)

Abstract

This paper seeks to emphasize the convenience of transactional efficiency, proposed by new institutional economics, in relation to Pareto equilibrium, proposed by neoclassic economics. It argues that transactional efficiency is more appropriate than the neoclassical criteria of efficiency when it is about conception and evaluation of economic policies. The synthesis of theoretical foundation of public intervention and transactional efficiency, and the analysis of three empirical studies, show the convenience of transactional efficiency.

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File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/elopez18.pdf
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Bibliographic Info

Article provided by Universidad Externado de Colombia - Facultad de Economía in its journal Revista de Economía Institucional.

Volume (Year): 10 (2008)
Issue (Month): 18 (January-June)
Pages: 149-178

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Handle: RePEc:rei:ecoins:v:10:y:2008:i:18:p:149-178

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Related research

Keywords: transactional efficiency; public policies; neoclassical and institutional theories;

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  1. Luís M. B. Cabral, 2000. "Introduction to Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262032864, December.
  2. Rawls, John, 1974. "Some Reasons for the Maximin Criterion," American Economic Review, American Economic Association, vol. 64(2), pages 141-46, May.
  3. Smith, Adam, 1977. "An Inquiry into the Nature and Causes of the Wealth of Nations," University of Chicago Press Economics Books, University of Chicago Press, number 9780226763743 edited by Cannan, Edwin, March.
  4. Alcazar, Lorena & Abdala, Manuel A. & Shirley, Mary M., 2000. "The Buenos Aires water concession," Policy Research Working Paper Series 2311, The World Bank.
  5. Cooter, Robert & Rappoport, Peter, 1984. "Were the Ordinalists Wrong about Welfare Economics?," Journal of Economic Literature, American Economic Association, vol. 22(2), pages 507-30, June.
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