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Efficient,Pareto-improving processes
Authors:Kwan Koo Yun
Affiliation:Economics Department, SUNY at Albany, Albany, NY 12222, United States
Abstract:We give two optimization programs for determining whether Pareto improving local changes are possible. When they are, the programs compute them. Any procedure generating efficient and Pareto improving changes can be replicated by these programs. The two programs are dual to each other. We apply the programs to Pareto improving exchange processes and to Pareto-improving tax-tariff reforms.
Keywords:C61   D51   H21
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