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

Author

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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.

Suggested Citation

  • Erika López Pontón, 2008. "Un criterio de eficiencia para la concepción y evaluación de las políticas públicas," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 10(18), pages 149-178, January-J.
  • Handle: RePEc:rei:ecoins:v:10:y:2008:i:18:p:149-178
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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/elopez18.pdf
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    References listed on IDEAS

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    1. 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, April.
    2. Rawls, John, 1974. "Some Reasons for the Maximin Criterion," American Economic Review, American Economic Association, vol. 64(2), pages 141-146, May.
    3. Cabral, Luis M. B., 2000. "Introduction to Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262032864, January.
    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 507-530, June.
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    Cited by:

    1. Yudina, Elena, 2015. "Evaluation of the Quality of Preschool Education: A Comparative Analysis of Russian and International Practice," Published Papers mak18, Russian Presidential Academy of National Economy and Public Administration.

    More about this item

    Keywords

    transactional efficiency; public policies; neoclassical and institutional theories;

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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