Pareto's Compensation Principle

Pareto is sometimes credited with an early formulation of the ill-fated Hicks or Kaldor principles of hypothetical compensation. The basis for this claim is Pareto's 1894 article "Il massimo di utilita dato dalla libera concorrenza." However in that paper Pareto argued to the contrary, that in the formulation of economic policy compensation should be a consideration only if it is carried out. Our purpose is to document this claim

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Year of publication:	1999
Authors:	Kemp, Murray C. ; Pezanis-Christou, Paul
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Pareto-Optimum \| Pareto efficiency \| Lohn \| Wages \| Wohlfahrtsökonomik \| Welfare economics \| Kompensationskriterium \| Compensation principle
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Social Choice and Welfare, Vol. 16, No. 3, May 1999 Volltext nicht verfügbar
Classification:	N01 - Development of the Discipline: Historiographical; Sources and Methods
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014193109