Using efficiency as a criterion biases the analysis in favor of the status quo, since any change

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“Using efficiency as a criterion biases the analysis in favor of the status quo, since any change is certain to harm someone.” Discuss.

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Question Posted: Nov 14, 2014 08:30 AM

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Using efficiency as a criterion biases the analysis in favor of the status quo, since any change

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Microeconomics Theory and Applications

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