|WikiProject Economics||(Rated Start-class, Low-importance)|
|WikiProject Engineering||(Rated Start-class, Low-importance)|
Dr. Moreno-Ternero's comment on this article
Dr. Moreno-Ternero has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:
In economics, the area of public finance deals with three broad areas: macroeconomic stabilization, the distribution of income and wealth, and the allocation of resources. Much of the study of the allocation of resources is devoted to finding the conditions under which particular mechanisms of resource allocation lead to Pareto efficient outcomes, in which no party's situation can be improved without hurting that of another party.
This paragraph should be enriched by referring to equity concepts in resource allocation, which go beyond Pareto efficiency. In the last forty years, a variety of formal criteria of economic justice have been introduced in economic theory (see, for instance, Thomson (2014) and the literature cited therein). These criteria have broad conceptual appeal, as well as significant operational power, and have contributed considerably to our understanding of normative issues concerning the allocation of goods and services. A focal reference is the following: Thomson, W., 2014. The Theory of Fair Allocation, Princeton University Press. Forthcoming.
We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.
We believe Dr. Moreno-Ternero has expertise on the topic of this article, since he has published relevant scholarly research:
- Reference : BERGANTIÑOS, Gustavo & MORENO-TERNERO, Juan, The axiomatic approach to the problem of sharing the revenue from museum passes, Games and Economic Behavior 89, 78-92 (2015).