Aggregate Monetary Efficiency Measures in Economies With Public Goods
| Autor(a) principal: | |
|---|---|
| Data de Publicação: | 1989 |
| Outros Autores: | |
| Tipo de documento: | Artigo |
| Idioma: | eng |
| Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
| Texto Completo: | http://hdl.handle.net/10362/84561 |
Resumo: | The purpose of this paper is to consider the use of aggregate money measures of welfare change in economies in which there are public goods. Specifically, the relation between the maximization of the sum of equivalent variations and Pareto optimality will be studied. We show that any Pareto optimal allocation may be obtained as a result of the maximization of the sum of individual money metrics: for this to happen it is enough to choose the Pareto optimal allocation as the basis for the computation of the money metrics. |
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Aggregate Monetary Efficiency Measures in Economies With Public GoodsThe purpose of this paper is to consider the use of aggregate money measures of welfare change in economies in which there are public goods. Specifically, the relation between the maximization of the sum of equivalent variations and Pareto optimality will be studied. We show that any Pareto optimal allocation may be obtained as a result of the maximization of the sum of individual money metrics: for this to happen it is enough to choose the Pareto optimal allocation as the basis for the computation of the money metrics.Nova SBERUNGaspar, VítorBárcia, Paulo2019-10-17T13:54:05Z1989-021989-02-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/84561engGaspar, Vitor and Bárcia, Paulo, Aggregate Monetary Efficiency Measures in Economies With Public Goods (February, 1989). FEUNL Working Paper Series No. 113info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:37:43Zoai:run.unl.pt:10362/84561Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:30.708519Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
| dc.title.none.fl_str_mv |
Aggregate Monetary Efficiency Measures in Economies With Public Goods |
| title |
Aggregate Monetary Efficiency Measures in Economies With Public Goods |
| spellingShingle |
Aggregate Monetary Efficiency Measures in Economies With Public Goods Gaspar, Vítor |
| title_short |
Aggregate Monetary Efficiency Measures in Economies With Public Goods |
| title_full |
Aggregate Monetary Efficiency Measures in Economies With Public Goods |
| title_fullStr |
Aggregate Monetary Efficiency Measures in Economies With Public Goods |
| title_full_unstemmed |
Aggregate Monetary Efficiency Measures in Economies With Public Goods |
| title_sort |
Aggregate Monetary Efficiency Measures in Economies With Public Goods |
| author |
Gaspar, Vítor |
| author_facet |
Gaspar, Vítor Bárcia, Paulo |
| author_role |
author |
| author2 |
Bárcia, Paulo |
| author2_role |
author |
| dc.contributor.none.fl_str_mv |
RUN |
| dc.contributor.author.fl_str_mv |
Gaspar, Vítor Bárcia, Paulo |
| description |
The purpose of this paper is to consider the use of aggregate money measures of welfare change in economies in which there are public goods. Specifically, the relation between the maximization of the sum of equivalent variations and Pareto optimality will be studied. We show that any Pareto optimal allocation may be obtained as a result of the maximization of the sum of individual money metrics: for this to happen it is enough to choose the Pareto optimal allocation as the basis for the computation of the money metrics. |
| publishDate |
1989 |
| dc.date.none.fl_str_mv |
1989-02 1989-02-01T00:00:00Z 2019-10-17T13:54:05Z |
| dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
| dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
| format |
article |
| status_str |
publishedVersion |
| dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/84561 |
| url |
http://hdl.handle.net/10362/84561 |
| dc.language.iso.fl_str_mv |
eng |
| language |
eng |
| dc.relation.none.fl_str_mv |
Gaspar, Vitor and Bárcia, Paulo, Aggregate Monetary Efficiency Measures in Economies With Public Goods (February, 1989). FEUNL Working Paper Series No. 113 |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
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Nova SBE |
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Nova SBE |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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