Demonstrate that an unequal distribution of goods at a welfare maximum may occur when the weights attached
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Demonstrate that an unequal distribution of goods at a welfare maximum may occur when the weights attached to individual utilities are not equal, and/or when individuals have different utility functions.
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Related Book For
Natural Resource And Environmental Economics
ISBN: 9780273655596
3rd Edition
Authors: Roger Perman, Yue Ma, Michael Common, David Maddison, James Mcgilvray
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