Social loss with respect to the core of an economy

Aldo Montesano

Social Choice and Welfare, 2002, vol. 19, issue 4, 763-767

Abstract: The dual notion of Pareto-efficiency (i.e., individual utilities cannot be reached with fewer resources than those of the allocation under consideration) is used in order to define the resources-core. A measure of social loss with respect to the core is then introduced, more or less as already done with respect to the locus of efficient allocations.

Date: 2002-10-09
Note: Received: 4 December 2000/Accepted: 14 June 2001
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