Endogenous Fertility and Modified Pareto-Optimality

Lang, Günther

http://hdl.handle.net/10362/88729

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Autores

Lang, Günther

Resumo(s)

In a world of endogenous fertility, the traditional concept of Pareto-optimality does not make sense any longer: the number of individuals present on earth may vary with two allocations to be compared. There-fore, the concept needs some modification in order to give new life to the discussion of economic efficiency. This work introduces and discusses a rectification of the Pareto-principle, and it characterises economic allocations according to this new idea. The fiscal implications of an application of Modified Pareto-Optimality are explained, as well as the consequences for empirical research on dynamic efficiency.

URI

http://hdl.handle.net/10362/88729

Citação

Lang, Günther, Endogenous Fertility and Modified Pareto-Optimality (November, 1996). FEUNL Working Paper Series No. 288

Editora

Nova SBE

Coleções

NSBE - Working Paper Series

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