The Role of Reference Points in Achieving Equilibrium Efficiency in Fair and Socially Just Economies
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The Role of Reference Points in Achieving Equilibrium Efficiency in Fair and Socially Just Economies
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This story was originally published on HackerNoon at: https://hackernoon.com/the-role-of-reference-points-in-achieving-equilibrium-efficiency-in-fair-and-socially-just-economies.
This article explores how a simple change in the reference point can achieve a Pareto-efficient equilibrium in both free and fair economies
Check more stories related to finance at: https://hackernoon.com/c/finance. You can also check exclusive content about #economy, #economic-efficiency, #pareto-efficiency, #free-and-fair-economy, #social-justice, #shapley-value, #equilibrium-analysis, #economic-theory, and more.
This story was written by: @tokenomy. Learn more about this writer by checking @tokenomy's about page, and for more stories, please visit hackernoon.com.
This article explores how a simple change in the reference point can achieve a Pareto-efficient equilibrium in both free and fair economies and those with social justice.