Jc. Rochet, COMMENT ON HAMMOND,P.J. AND VILLAR,A., EFFICIENCY WITH NON-CONVEXITIES - EXTENDING THE SCANDINAVIAN CONSENSUS APPROACHES, The Scandinavian journal of economics, 100(1), 1998, pp. 33-36
This discussion is organized as follows. I start with a series of comm
ents on the paper itself. Then I try to put it into a more general per
spective, and answer the question: what has gone wrong with the welfar
e state and the Scandinavian consensus?