The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd


  • Hal R. Varian
Reference work entry


The issues of equity and efficiency are central aspects of most economic problems. In the political domain it often seems that concerns with equity – or at least distribution – often outweigh concerns with economic efficiency in discussion of policy alternatives. Despite this, most economic analysis has paid much more attention to issues of efficiency than to equity.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Hal R. Varian
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