Competitive Equilibrium and Efficiency: What Role for Policy Maker?
Universita degli Studi e-Campus
January 17, 2012
Analyzing the two theorems of welfare economics, we try to identify possible areas of State intervention to compensate market imperfections.
Number of Pages in PDF File: 5
Keywords: competive equilibrium, Pareto-efficiency, welfare economics
JEL Classification: A13, D00, D41, D50, D60
Date posted: January 17, 2012