English, Article, Journal or magazine article edition: Neo-Paretian welfare economics: misconceptions and abuses Niek Koning,; Roel Jongeneel

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Bookmark: http://trove.nla.gov.au/version/142605
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Neo-Paretian welfare economics: misconceptions and abuses
Author
  • Niek Koning,
  • Roel Jongeneel
Physical Description
  • preprint
Notes
  • The paper focuses on misconceptions about the compensation principle of neo-Paretian welfare economics, and argues that the efficiency interpretation often attached to it is a dubious one. Applied welfare analists should realize the real significance of 'potential Pareto improvement' and take it into account when formulating policy recommendations.
  • Welfare economic theory, Pareto, Neoclassical micro-economics.
  • RePEc:wop:wafeep:0597
Language
  • English
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