Intertemporal and intergenerational Pareto efficiency: A reconsideration of recent extensions

Todd Sandler, V. Kerry Smith

Research output: Contribution to journalArticle

3 Scopus citations

Abstract

The purpose of this paper is to respond to criticism of the previous representations of Sandler and Smith of the numeraire in an intertemporal analysis of Pareto efficiency conditions. This reexamination suggests that the role of the numeraire is shown to be less clear-cut than Cabe implies. Moreover, the analysis indicates that the earlier conclusions are not crucially dependent on the numeraire assumption.

Original languageEnglish (US)
Pages (from-to)361-365
Number of pages5
JournalJournal of Environmental Economics and Management
Volume9
Issue number4
DOIs
StatePublished - Dec 1982

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

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