The budget presented by Chief Minister Basavaraj Bommai is an exercise between pareto optimality and arrows impossibility. The Pareto optimality is to satisfy all without hurting others, whereas the ...
This is a preview. Log in through your library . Journal Information Public Choice deals with the intersection between economics and political science. The journal was founded at a time when ...
Journal of Political Economy, Vol. 81, No. 2, Part 1 (Mar. - Apr., 1973), pp. 386-400 (15 pages) An argument by Buchanan that the criterion of Pareto optimality is of little value when used solely ...
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