Canadian Journal of Economics/Revue canadienne d économique · 1976 · 63 citations · 17 references
Social SciencesEconomicsMicroeconomicsDemand TheoryGeneral EquilibriumGeneral Equilibrium TheoryPareto OptimalityUtility TheoryWelfare EconomicsConsumer Demand TheoryDistributional PreferencesGeneral Equilibrium Welfare Theorems
duals must respect each others' tastes. The force of 2 is that individuals may entertain almost any distributional preferences. It is shown that while all Paretooptima are competitive equilibria, not all competitive equilibria are Paretooptima. The standard theorems of demand theory are shown to be consistent with
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Collective Choice and Social Welfare
H. Myint, Amartya Sen · Econometrica · 1972 · 2.6K citations
The Income Distribution as a Pure Public Good
Lester C. Thurow · The Quarterly Journal of Economics · 1971 · 268 citations