IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

On Pareto efficiency and equitable allocations of resources

  • Florin Popa

    ()

Registered author(s):

    This paper discusses some problems associated with the concept of Pareto efficiency: first of all, the difficulties of defining what is a Pareto improvement and a Pareto optimum in social sciences (and economics in particular), and secondly, the relation between Pareto efficiency and equity of distributions of resources. In particular, we want to point out some ambiguities and contradictions of the concept of Pareto efficiency, which makes it hardly usable in real-world social contexts. When qualitative variables are involved, there are situations in which there is no straightforward way of deciding a preferable optimum within the Pareto set, other than taking each individual’s preference and choice into account when establishing what is and what is not an improvement (which is in many cases impossible) or having a ruling authority to establish that (which is undesirable). With this concept, we seem to be caught between the subjectivity of personal preference and the arbitrariness of dictatorship.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2014-05-10/2330/je202320popa.pdf
    Download Restriction: no

    Article provided by Department of International Business and Economics from the Academy of Economic Studies Bucharest in its journal Romanian Economic Journal.

    Volume (Year): 10 (2007)
    Issue (Month): 23 (June)
    Pages: 73-79

    as
    in new window

    Handle: RePEc:rej:journl:v:10:y:2007:i:23:p:73-79
    Contact details of provider: Postal: 6 ROMANA PLACE, 70167 - BUCHAREST
    Phone: 0040-01-2112650
    Fax: 0040-01-3129549
    Web page: http://www.rei.ase.ro/
    Email:


    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:rej:journl:v:10:y:2007:i:23:p:73-79. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Radu Lupu)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.