Intertemporal and intergenerational Pareto efficiency: A reconsideration of recent extensions

Todd Sandler; V. Kerry Smith

doi:10.1016/0095-0696(82)90028-6

Intertemporal and intergenerational Pareto efficiency: A reconsideration of recent extensions

Todd Sandler, V. Kerry Smith

Economics

Research output: Contribution to journal › Article › peer-review

4 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 language	English (US)
Pages (from-to)	361-365
Number of pages	5
Journal	Journal of Environmental Economics and Management
Volume	9
Issue number	4
DOIs	https://doi.org/10.1016/0095-0696(82)90028-6
State	Published - Dec 1982

ASJC Scopus subject areas

Economics and Econometrics
Management, Monitoring, Policy and Law

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title = "Intertemporal and intergenerational Pareto efficiency: A reconsideration of recent extensions",

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.",

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AB - 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.

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Intertemporal and intergenerational Pareto efficiency: A reconsideration of recent extensions

Abstract

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