Abstract
This chapter is devoted to the relations between the price system and the achievement of optimal economic welfare. Based on some easy consequences of the convexity assumptions made on the economy, this study was renewed in the fifties under the name of “new welfare economics”.
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© 2003 Springer Science+Business Media Dordrecht
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Florenzano, M. (2003). Optimality Properties of Equilibrium. In: General Equilibrium Analysis. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-5315-8_4
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DOI: https://doi.org/10.1007/978-1-4757-5315-8_4
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4419-5372-8
Online ISBN: 978-1-4757-5315-8
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