Why is the use of the potential pareto improvement criteria

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Question -  Need some help to answer a discussion topic question about Potential Pareto Improvement, based on an article.

Article - Defining the Public Interest in Regulatory Decisions: The Case for Economic Efficiency

Why is the use of the Potential Pareto Improvement criteria appropriate for policy decisions even though it requires only that compensation could be paid not that it is paid?

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Reference no: EM131685174

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len1685174

10/21/2017 12:31:37 AM

Subject: Microeconomics. No of Pages/Words: one page maximum. I need some help to answer a discussion topic question about Potential Pareto Improvement, based on an article, given the question.

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