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Essay / Research Paper Abstract
This 8 page paper considers the use and value of Paretian criteria for policy-makers especially when examining monopolistic practices. The bibliography cites 5 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEparcri.rtf
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area of policy being concerns, form economic policy and the welfare state though to environmental and social policy. At some point threw will always be a cross over between different
policy areas, but the main aim is often that of trying to balance needs with the resources and satisfying the majority of people. The equation may sometimes be skewed where
unpopular decision need to be made, as a utilitarian approach is idealistic and may not popular, but to reach a viable equilibrium both popular and unpopular decisions need to be
tackled by thee policy makers. When looking at policy making decision it is possible to consider the use of Paretian criteria for policy-makers examining monopolistic practices. The first stage need
to be the consideration of the Paretian criteria. The use of economic criteria often depersonalise any decision making process, making hard decision easier to make as they are no longer
associated with the people they will impact upon. One of the major values of Paretian criteria can be in the sociological value it adds to any evaluation for policy purposes.
Policy will impact on budgets and resources, but also on the people it effects, whether they are in business people or recipients of a welfare state decision. Economic decision ay
be required where there are resources to be handed out, but a decisions which may be seen as economic may make sense in terms of figures, but may also have
social costs that outweigh the initial economic costs. Paretian criteria offer a way in which the social cists and the social needs can be considered along side the economic
and resource allocation aspects of policy making (Tullock, 1999). The main foundation upon which the criteria are based is the idea that where there is a change that can be
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