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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Volume (Year): 46 (2010)
Issue (Month): 3 (May)
Pages: 326-331
| Handle: | RePEc:eee:mateco:v:46:y:2010:i:3:p:326-331 |
| Contact details of provider: | Web page: http://www.elsevier.com/locate/jmateco
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References listed on IDEAS
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- Guesnerie, Roger, 1977. "On the direction of tax reform," Journal of Public Economics, Elsevier, vol. 7(2), pages 179-202, April.
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- Smale, S., 1974. "Global analysis and economics v : Pareto theory with constraints," Journal of Mathematical Economics, Elsevier, vol. 1(3), pages 213-221, December. Full references (including those not matched with items on IDEAS)
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