ECON 451: Public Choice
Professor Peter Coughlin


Edgeworth Boxes & the Pareto Criterion


The background reading is:

A. Feldman and R. Serrano, Welfare Economics and Social Choice Theory, 2nd edition

[1] From the beginning of the section "Allocations" on p. 34 through "... in the beginning" in the 2nd line on p. 38

[2] From the beginning of the section "Pareto Criterion" on p. 197 through the second-to-last paragraph on p. 198


The following item is a recommended reading (which supplements the background reading):

Jean Hendriks and Gareth D. Myles, Intermediate Public Economics, 2nd edition, The MIT Press, 2013.

[1] From the beginning of Section 2.4 on p. 15 through "... the northeast corner." in the third-to-last line on p. 16

[2] In Section 13.6: From “The Pareto criterion ...” at the beginning of the last paragraph on p. 436 through the end of the section)



These items are available through Course Reserves at ELMS.