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Title: On the Definition of Economic Efficiency
Authors: Makdissi, Paul
Keywords: Efficiency
Social justice
Dominance
Issue Date: 2006-11
Series/Report no.: Cahiers du CIRPÉE;06-44
Abstract: This paper analyzes the definition of economic efficiency. The standard definition used in economic literature is the Pareto Optimum which is based in the space of individual utilities. This paper proposes new definitions based on alternative spaces. The paper also introduces a dominance criterion for efficiency over a set of social evaluation spaces.
URI: http://132.203.59.36/CIRPEE/cahierscirpee/2006/files/CIRPEE06-44.pdf
https://depot.erudit.org/id/001161dd
Appears in Collections:Cahiers de recherche du CIRPÉE

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