On Pareto-improving redistributions of aggregate economic gains
type: Item
instance of: scholarly article
title: On Pareto-improving redistributions of aggregate economic gains
zbMATH Open document ID: 0606.90020
DOI: 10.1016/0022-0531(87)90009-3
author: Avinash Dixit
published in: Journal of Economic Theory
publication date: 1987-01-01T00:00:00Z
review text: This paper considers the existence and characterization of directions of tariff, commodity tax, and transfer payment reforms to ensure a Pareto improvement following a change in the economy's endowments, technology, preferences, or trading possibilities. Motzkin's theorem on the existence of solutions to dual sets of linear inequalities is extended to the case of non-homogeneous systems, and is applied to the comparative statics of the general equilibrium of a large trading economy. By allowing free disposal of commodities to the government, the problem of temporary inefficiency is eliminated.
Mathematics Subject Classification ID: 91B50
zbMATH DE Number: 3980849
zbMATH Keywords: comparative statics
zbMATH Keywords: large trading economy
zbMATH Keywords: temporary inefficiency
MaRDI profile type: Publication
full work available at URL: 0022-0531(87)90009-3
OpenAlex ID: W2075969938
cites work: Q3888784
cites work: Productivity- and Pareto-Improving Changes in Taxes and Tariffs
cites work: Q5721624
cites work: Straightforward Individual Incentive Compatibility in Large Economies
description: scientific article; zbMATH DE number 3980849