Contents
I - The Paretian System I:
Equilibrium
(1)
Introduction
(2)
Graphical Illustration: A two-sector model
(3) A General
Paretian Model
II - The Paretian System II: Efficiency
(1) Pareto-Optimality
(A) Heuristics
of Pareto-Optimality
(B) General
Pareto-Optimality Conditions
(2) The
Fundamental Welfare Theorems
III - The Paretian
System III: Market Failure
IV - The Paretian System IV: Social Welfare
(1) The
Social Optimum
(2) The
New Welfare Economics
(3) Welfare
Comparisons
(A) Utility
Possibilities Frontiers
(B) The Kaldor-Hicks Criteria
(C) Scitovsky Reversals and the Double Criteria
(4) Bergson-Samuelson
Social Welfare Functions