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Efficient, Pareto-improving processes

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  • Yun, Kwan Koo

Abstract

We give two optimization programs for determining whether Pareto improving local changes are possible. When they are, the programs compute them. Any procedure generating efficient and Pareto improving changes can be replicated by these programs. The two programs are dual to each other. We apply the programs to Pareto improving exchange processes and to Pareto-improving tax-tariff reforms.

Suggested Citation

  • Yun, Kwan Koo, 2010. "Efficient, Pareto-improving processes," Journal of Mathematical Economics, Elsevier, vol. 46(3), pages 326-331, May.
  • Handle: RePEc:eee:mateco:v:46:y:2010:i:3:p:326-331
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    References listed on IDEAS

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    7. CORNET, Bernard, 1983. "Existence of slow solutions for a class of differential inclusions," LIDAM Reprints CORE 539, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    8. Turunen-Red, Arja H & Woodland, Alan D, 1991. "Strict Pareto-Improving Multilateral Reforms of Tariffs," Econometrica, Econometric Society, vol. 59(4), pages 1127-1152, July.
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