Un criterio de eficiencia para la concepción y evaluación de las políticas públicas
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.
Volume (Year): 10 (2008)
Issue (Month): 18 (January-June)
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- 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.
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- Alcazar, Lorena & Abdala, Manuel A. & Shirley, Mary M., 2000. "The Buenos Aires water concession," Policy Research Working Paper Series 2311, The World Bank.
- 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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