Abstract
Use of the concept of economic “efficiency” to guide public policy and even the courts has become almost commonplace. The authors conclude that it is impossible, using traditional microeconomic models, to demonstrate empirically that an outcome is inefficient; they suggest an appropriate role for economics in legal analysis.
Original language | English (US) |
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Pages (from-to) | 57-72 |
Number of pages | 16 |
Journal | Journal of Economic Education |
Volume | 20 |
Issue number | 1 |
DOIs | |
State | Published - 1989 |
Externally published | Yes |
ASJC Scopus subject areas
- Education
- Economics and Econometrics