Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Apr, 1951, Volume 19, Issue 2

Le "Revenu Distribuable" et les Pertes Economiques<112:L"DELP>2.0.CO;2-M
p. 112-133

Marcel Boiteux

The purpose of this study is to establish a formula which could be considered, in some of its aspects at least, as expressing the losses resulting from the defects of an economic situation as compared with a given optimal situation (taken as reference). Use is made of the amount by which the sum of individual incomes in the second situation could be increased so that all satisfactions are made equal to their values in the first situation. The expression arrived at has a definite sign and is null for the reference situation, minimum (under certain constraints) for an optimal situation.

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