INCOMMENSURABLES, TRADEOFFS AND THE MULTIPLE PRODUCT MODELS: WHY THE CONFUSION

Gary D. Lynne

No 284094, 1975 Annual Meeting, August 10-13, Columbus, Ohio from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The outline of this paper is as follows. First, a conceptual model is presented that is useful for dealing with the multiple objective problem. The model is very familiar to, I hope, all production economists and those economists who find the study of welfare economics a useful endeavor. Second, it will be shown where several attempts to deal with the multiple objective problem have gone awry. Third, a simplified example will be presented which illustrates an attempt at" applying the conceptual lesson that must be learned by all those analysts, concerned with multiple objective planning.

Keywords: Health; Economics; and; Policy (search for similar items in EconPapers)
Pages: 14
Date: 1975-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea75:284094

DOI: 10.22004/ag.econ.284094

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