Reference Entry

fundamental theorems of welfare

Edited by Craig Calhoun

in Dictionary of the Social Sciences

Published in print January 2002 | ISBN: 9780195123715
Published online January 2002 | e-ISBN: 9780199891184
fundamental theorems of welfare

Show Summary Details

Preview

These theorems prove two basic welfare consequences of competitive markets. The first fundamental theorem demonstrates that the market equilibrium of

Reference Entry.  154 words. 

Subjects: Social Sciences

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.