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A post-Paretian concept of optimality: the “Conditional Agreement Point”

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  • Fabrice Tricou

Abstract

This paper introduces and develops the concept of “conditional agreement point”, defined as the dominating issue (hard optimality) within a certain restricted subset of the set of feasible issues (partial optimality). Such a concept associates individualistic independence (via the operation of individual preferences) and humanistic autonomy (via the social choice of the determined subset). As the “conditional agreement point” assumes a dualistic conception of human beings as self-interest followers and as rule makers, it acknowledges mixed or complex types of behavior and it supports some syntheses between efficiency and justice. Precisely, the notion of CAP permits the reconsideration of classical coordination or cooperation problems such as the bilateral exchange.

Suggested Citation

  • Fabrice Tricou, 2014. "A post-Paretian concept of optimality: the “Conditional Agreement Point”," EconomiX Working Papers 2014-40, University of Paris Nanterre, EconomiX.
    • Handle: RePEc:drm:wpaper:2014-40
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    Keywords

    efficiency and justice; independence and autonomy; bilateral exchange.;
    All these keywords.

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General

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