| Registro completo |
| Provedor de dados: |
31
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| País: |
United States
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| Título: |
Should We Expect Government Policy to Be Pareto Efficient?: The Consequences of an Arrow-Debreu Economy with Violable Property Rights
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| Autores: |
Bullock, David S.
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| Data: |
2005-05-19
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| Ano: |
2005
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| Palavras-chave: |
Pareto efficiency
Property rights
Research Methods/ Statistical Methods
D72
D78
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| Resumo: |
To address the question, "Should we expect government policy to be efficient?" at its roots, I modify the well-known Arrow-Debreu private ownership economy, allowing property rights to be violable. The result is that equilibria tend to be Pareto inefficient.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
16567
http://purl.umn.edu/19444
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| Editor: |
AgEcon Search
|
| Relação: |
American Agricultural Economics Association>2005 Annual meeting, July 24-27, Providence, RI
Selected Paper 136402
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| Formato: |
22
application/pdf
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