Abstract
In the last chapter, we noted that the Pareto principle (someone better off, no one worse off) is a reasonable sufficient-criterion for a social improvement. However, most policy changes make some individuals better off and some worse off. Can we still have a sufficient criterion for a social improvement? This is the issue of a welfare criterion which has caused a considerable amount of debate in the literature of welfare economics.
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© 1983 Yew-Kwang Ng
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Ng, YK. (1983). The Direction of Welfare Change: Welfare Criteria. In: Welfare Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-06612-4_3
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DOI: https://doi.org/10.1007/978-1-349-06612-4_3
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-34577-1
Online ISBN: 978-1-349-06612-4
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