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Economic Welfare and the Allocation of Resources for Invention
Invention is here interpreted broadly as the production of knowledge. From the viewpoint of welfare economics, the determination of optimal resource allocation for invention will depend on theExpand
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Social Choice and Individual Values
Originally published in 1951, Social Choice and Individual Values introduced "Arrow's Impossibility Theorem" and founded the field of social choice theory in economics and political science. This newExpand
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Social Choice and Individual Values.
If you want to have a destination search and find the appropriate manuals for your products, you can visit this website providing you with many Social Choice And Individual Values. You can find theExpand
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EXISTENCE OF AN EQUILIBRIUM FOR A COMPETITIVE ECONOMY
A. Wald has presented a model of production and a model of exchange and proofs of the existence of an equilibrium for each of them. Here proofs of the existence of an equilibrium are given for anExpand
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Essays in the theory of risk-bearing
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Report of the NOOA Panel on Contingent Valuation
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Uncertainty and the welfare economics of medical care. 1963.
  • K. Arrow
  • Medicine
  • Bulletin of the World Health Organization
  • 1 February 2004
Publisher Summary This chapter focuses on the way in which the operation of the medical-care industry and the efficacy with which it satisfies the needs of society differ from a norm. The term normExpand
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The Theory of Discrimination
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A Difficulty in the Concept of Social Welfare
  • K. Arrow
  • Economics
  • Journal of Political Economy
  • 1 August 1950
IN A capitalist democracy there are essentially two methods by which social choices can be made: voting, typically used to make "political" decisions, and the market mechanism, typically used to makeExpand
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