Micro-Economic Analysis

kaldor-hicks , scitovsky explained the compensation rule to reach pareto level, Bergson and Samuelson explained by taking value judgements into thr account any society can be reached to maximum socail welfare, Arrow threw light onsocial choice

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NTA-UGC-NET & SET Exams

English

NTA-UGC NET: Social Welfare Function

Micro Economics

Economics

NET Exams

by criticizing the pareto optimum kaldor and hicks gave the compensation principle

Kaldor hicks compensatiation rule

Double Criteria

Bergson-Samuelson Social Welfare Function

Arrow's Impossibility Theory

Theory of Second Best

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Kaldor hicks compensatiation rule

Mudunuru Vijay Chand

NTA-UGC NET: Social Welfare Function

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