Efficient, Pareto-improving processes
We give two optimization programs for determining whether Pareto improving local changes are possible. When they are, the programs compute them. Any procedure generating efficient and Pareto improving changes can be replicated by these programs. The two programs are dual to each other. We apply the programs to Pareto improving exchange processes and to Pareto-improving tax-tariff reforms.
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- d'Aspremont, Claude & Tulkens, Henry, 1980.
"Commodity Exchanges as Gradient Processes,"
Econometric Society, vol. 48(2), pages 387-399, March.
- d'ASPREMONT, Claude & TULKENS, Henry, "undated". "Commodity exchanges as gradient processes," CORE Discussion Papers RP 394, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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- W. E. Diewert & A. H. Turunen-Red & A. D. Woodland, 1989. "Productivity- and Pareto-Improving Changes in Taxes and Tariffs," Review of Economic Studies, Oxford University Press, vol. 56(2), pages 199-215.
- Dixit, Avinash, 1987. "On Pareto-improving redistributions of aggregate economic gains," Journal of Economic Theory, Elsevier, vol. 41(1), pages 133-153, February.
- Turunen-Red, Arja H & Woodland, Alan D, 1991. "Strict Pareto-Improving Multilateral Reforms of Tariffs," Econometrica, Econometric Society, vol. 59(4), pages 1127-1152, July. Full references (including those not matched with items on IDEAS)
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