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Efficiency, egalitarism, stability and social welfare in economics

Author

Listed:
  • Elvio Accinelli

    () (Facultad de Economía, Universidad Autónoma de san Luis Potosí. Departamento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

  • Leobardo Plata-Pérez

    () (Facultad de Economía, Universidad Autónoma de san Luis Potosí.)

  • Joss Sánchez-Pérez

    () (Facultad de Economía, Universidad Autónoma de san Luis Potosí.)

Abstract

The Pareto optimal concept does not concern with fairness or equality, it is a concept related to efficiency. In this paper, using techniques from the general equilibrium theory, we relate efficiency, fairness and stability of an economy.

Suggested Citation

  • Elvio Accinelli & Leobardo Plata-Pérez & Joss Sánchez-Pérez, 2011. "Efficiency, egalitarism, stability and social welfare in economics," Documentos de Trabajo (working papers) 1111, Department of Economics - dECON.
  • Handle: RePEc:ude:wpaper:1111
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    File URL: http://cienciassociales.edu.uy/departamentodeeconomia/wp-content/uploads/sites/2/2013/archivos/1111.pdf
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    More about this item

    Keywords

    Fairness; efficiency; economics welfare;

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • D6 - Microeconomics - - Welfare Economics

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