EUI Working Paper: SPS, Volumes 4-10European University Institute, 1993 - Europe |
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Page 7
... one which stresses the efficiency- improving aspects of the proposed measures . Welfare economics provides a theoretical foundation for such justifications . A fundamental theorem of welfare economics states that under certain conditions 1.
... one which stresses the efficiency- improving aspects of the proposed measures . Welfare economics provides a theoretical foundation for such justifications . A fundamental theorem of welfare economics states that under certain conditions 1.
Page 8
SPS. fundamental theorem of welfare economics states that under certain conditions , competitive markets lead to a Pareto- optimal allocation of resources , that is , to a situation where there is no rearrangement of resources ( no ...
SPS. fundamental theorem of welfare economics states that under certain conditions , competitive markets lead to a Pareto- optimal allocation of resources , that is , to a situation where there is no rearrangement of resources ( no ...
Common terms and phrases
analytic areas of social Author Title Commission Common Agricultural Policy Community between Social Community level Community policymaking consumer protection Council disparities distribution of income EC policymakers EC regulations environment environmental protection EUI Working Paper European Agency European Community European integration European Social Fund European University Institute European welfare example fact Federal Republic government intervention Hans-Peter BLOSSFELD health and safety historical analogy important Information failures innovation internal market Jean BLONDEL justified Leibfried and Pierson level of protection limited market failure Member migrant workers national welfare occupational health Pareto efficient Policy and Social policy space possible principle proposal qualified majority voting quality-of-life issues rationales for government regional redistribution regulatory interventions regulatory policymaking Republic of Germany Rome Treaty San Domenico significant social dimension social Europe social field social security regime standards supranational traditional social policy Treaty of Maastricht Treaty of Rome welfare assistance welfare economics