The concept of the probably-meaning dictator is often accepted in the economics as premise for certain models. For example one can explain thereby an Pareto optimum on a market. In place of innumerable decentralized Optimierern a central Optimierer is accepted. Complete information, omnipotence and sympathetic consideration are subordinated to this. Like that it would be possible to steer a market central without welfare losses arise. On the assumption of the well-meaning dictator one could set a Pareto standard. The actually prevailing market would approximate this standard, but would not exceed.

Articles in category "Well-being-meaning dictator"

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