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- Title
BIENESTAR SOCIAL, ÓPTIMOS DE PARETO Y EQUILIBRIOS WALRASIANOS.
- Authors
Accinelli, Elvio; Brida, Juan Gabriel; Plata, Leobardo; Puchet, Martín
- Abstract
In this work we analyze the relation between social welfare, and Pareto optimal allocations. As it is well know, each Pareto optimal allocation has associate a specific vector of social weights (one to each agent of the economy). This vector has associate a specific social utility function (the Negishi function) and then, each Pareto optimal allocation has associate a level of welfare. The concern of this work is to analyze the possibility that the economy reach, in a decentralized way, the maximum possible level of social welfare, considering as given the aggregate amount of its initial resources.
- Subjects
PUBLIC welfare; PARETO optimum; WELFARE economics; UTILITY functions; ECONOMIC research; ECONOMIC equilibrium
- Publication
Trimestre Económico, 2008, Vol 75, p125
- ISSN
0041-3011
- Publication type
Article