Kaplow-Shavell welfarism without continuity

Woo, WC

Woo, WC (reprint author), Chinese Univ Hong Kong, Dept Econ, Shatin, Hong Kong, Peoples R China.

MATHEMATICAL SOCIAL SCIENCES, 2018; 96 (): 92

Abstract

Although Kaplow and Shavell (2001) have established a devastating result that "any non-welfarist method of policy assessment violates the Pareto princ......

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