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How Well Do We Know Pareto Optimality?
Vijay K. Mathur
The Journal of Economic Education
Vol. 22, No. 2 (Spring, 1991), pp. 172-178
Published by: Taylor & Francis, Ltd.
Stable URL: http://www.jstor.org/stable/1182422
Page Count: 7
You can always find the topics here!Topics: Pareto efficiency, Utility functions, Microeconomics, Terms of trade, Consumer economics, Marginal propensity to consume, Logical givens, Prices, Ambiguity, Income distribution
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Is a Pareto optimal distribution of two goods among two persons unique? A review of some intermediate microeconomics texts reveals a great deal of ambiguity in the answers and explanations provided for this question.
The Journal of Economic Education © 1991 Taylor & Francis, Ltd.