EUI Working Paper: SPS, Volumes 4-10European University Institute, 1993 - Europe |
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Page 9
To the extent that such regulations succeed in correcting the market failure they
address , they not only increase consumer welfare but , as a consequence , also
improve market efficiency . If there are no market failures the economy is Pareto ...
To the extent that such regulations succeed in correcting the market failure they
address , they not only increase consumer welfare but , as a consequence , also
improve market efficiency . If there are no market failures the economy is Pareto ...
Page 10
legitimize government intervention on political and moral grounds , even at some
loss in economic efficiency . The second argument for government intervention in
a Pareto - efficient economy arises from concern that individuals may not act in ...
legitimize government intervention on political and moral grounds , even at some
loss in economic efficiency . The second argument for government intervention in
a Pareto - efficient economy arises from concern that individuals may not act in ...
Page 31
The " big trade - off " between economic efficiency and a more equal distribution
of income and wealth has confronted every democracy since the dawn of
industrialization . Today ' s social policies are the outcome of the struggles of the
past ...
The " big trade - off " between economic efficiency and a more equal distribution
of income and wealth has confronted every democracy since the dawn of
industrialization . Today ' s social policies are the outcome of the struggles of the
past ...
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activities agency areas argument benefits Changes Commission Common Agricultural Policy common market Community completion concerning considered consumer protection costs Council countries dimension directives distinct distribution economic Educational effects efficiency elements environment environmental environmental protection equal EUI Working Paper Europe European European Social European University Institute European welfare example externalities fact Federal field function Fund future Germany Giandomenico MAJONE giving government intervention health and safety historical implementation important improving income increasing individuals Industries innovation institutions integration interest internal introduced issues Italy justified legislation limited majority meaning measures meet Member migrant workers occupational health policymaking political possible present principle programme proposals qualified reasons recent redistribution regime regions regulatory represent requirements significant social policy social regulation social security solutions space standards Title traditional Treaty values welfare workers
Bibliographic information
| Title | EUI Working Paper: SPS, Volumes 4-10 EUI Working Paper: SPS, European University Institute. Department of Political and Social Sciences |
| Contributor | European University Institute. Department of Political and Social Sciences |
| Publisher | European University Institute, 1993 |
| Export Citation | BiBTeX EndNote RefMan |