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By R.F. Boadway, Bruce Niel. This clear and balanced introduction to welfare economics reflects the most recent advances in the field. The first part of the book presents a synthesis of the theory. They discuss the conditions of Pareto efficiency and optimality as well as the ways in which market economies may fail to achieve a Pareto optimal allocation of resources.
When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.