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Article
On the Unsolved Dilemma of a Paretian Policymaker
Supreme Court Economic Review (2008)
  • Giuseppe Dari-Mattiacci
  • Nuno Garoupa
Abstract
In this paper, we argue that social decision-making is subject to a fundamental conflict between consistency and completeness. We show that a consistent welfarist method of policy assessment, that is, one that never violates the Pareto principle, may be incomplete in the sense that it is incapable of providing a solution to important social welfare problems. Legal policy consequences are discussed.
Keywords
  • Kaplow and Shavell's welfare versus efficiency,
  • Pareto principle,
  • completeness
Disciplines
Publication Date
2008
Citation Information
Giuseppe Dari-Mattiacci and Nuno Garoupa. "On the Unsolved Dilemma of a Paretian Policymaker" Supreme Court Economic Review Vol. 16 (2008) p. 117 - 126
Available at: http://works.bepress.com/nunogaroupa/99/