----- Original Message ----- From: "Ken Hanly" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Sunday, December 02, 2001 9:10 PM Subject: [PEN-L:20267] Re: RE: project for Pen-l
> I'm not an economist but my understanding of traditional welfare economics > is that there would be an increase in welfare as long as there is a > potential pareto improvement. This is sometime called the Dawes-Hicks > principle. It does not require an actual pareto improvement. How does what u > say fit in with this? > > Cheers, Ken Hanly =================== Kaldor-Hicks too. Ian
