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| Topic: |
English
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| Number of pages / Number of words: |
4 / 927 |
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Overcoming Pareto non-comparability: the compensation principle.
a?? Kaldor: state a is preferred to state b if the gainers from the move to state a can hypothetically compensate the losers so that everyone is better off.
a?? Hicks: state a is preferred to state b if the losers from the proposed move cannot hypothetically bribe the gainers not to make the move...
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Pareto optimality and the general equilibrium of a competitive economy.
a?? The first fundamental theorem of welfare economics: under certain assumptions the allocation of goods and factors resulting from a competitive equilibrium is Pareto optimal.
9. The first fundamental theorem of welfare economics requires:
a?? efficient exchange of goods and services ( [pic]
a?? efficient allocation of the factors of production ( [pic]
a?? efficient output choice (overall efficiency) ( MRS = MRT
10...
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General points of the essay
hobbes leviathan state government social order state of war
analysis Thomas Hobbes's claim "a state of nature is, or would be, a state of war of everyone against everyone."
State And State Building Issues
The State Washington State
State Of Nature Vs. State Of War
State vs state
State of War
Low Tax State? Think Again
The welfare State
a pssion for one's state
An affair of state
happiness:a state of being
State Shapes
history of ny state
church vs state
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