Periodic Reporting for period 2 - WIDE (Welfare, Incentives, Dynamics, and Equilibrium)

Since the Wealth of Nations (Adam Smith,1776) and the Éléments d'économie politique pure (Léon Walras, 1874), economics endeavoured to study whether market forces can maximize welfare. This line of research culminated in the 1950s with the works of Ken Arrow and Gérard...