Efficient Pareto-improving Processes
Kwan Koo Yun ()
No 784, Econometric Society 2004 Far Eastern Meetings from Econometric Society
We give two procedures for determining whether efficient Pareto improving local changes are possible. When they are, the procedures compute for them. Any procedure generating efficient and Pareto improving changes can be replicated by these procedures. The two programs form a striking duality. We apply the procedures to Pareto improving exchange processes, Pareto-improving tariff-tax reforms and to the problem of constrained Pareto optimum where informational constraints are present.
Keywords: Pareto improvement; constrained Pareto optimum (search for similar items in EconPapers)
JEL-codes: C61 D51 H21 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ecm:feam04:784
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