Aggregate Monetary Efficiency Measures in Economies With Public Goods

Gaspar, Vítor; Bárcia, Paulo

http://hdl.handle.net/10362/84561

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Autores

Gaspar, Vítor

Bárcia, Paulo

Resumo(s)

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.

URI

http://hdl.handle.net/10362/84561

Citação

Gaspar, Vitor and Bárcia, Paulo, Aggregate Monetary Efficiency Measures in Economies With Public Goods (February, 1989). FEUNL Working Paper Series No. 113

Editora

Nova SBE

Coleções

NSBE - Working Paper Series

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