The Equity-Efficiency Relationship: the Double Criterion versus Pareto-Efficiency

Segii Arkhiiereiev and Gerhard Schwödiauer ()
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Gerhard Schwödiauer: Faculty of Economics and Management, Otto-von-Guericke University Magdeburg

No 8038, FEMM Working Papers from Otto-von-Guericke University Magdeburg, Faculty of Economics and Management

Abstract: The paper is devoted to the analysis of the equity-efficiency relationship from the standpoint of the proposed double criterion of efficiency as opposed to the criterion of Pareto-efficiency. The equity-efficiency relationship with an extremum, obtained in the paper exceeds the boundaries of the traditional approach to this problem. Empirical verification of the proposed model shows that it corresponds to the facts much better than the traditional equity-efficiency trade-off model.

Keywords: equity-efficiency trade-off; Pareto-efficiency; double criterion of efficiency. (search for similar items in EconPapers)
JEL-codes: D31 D63 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2008-12
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