Social Welfare and the Concept of Efficiency

From the Federal Constitution (art. 37) to the Civil Procedure Code (art. 8º), there are dozens of legal rules commanding the search for efficiency, though there is no legal definition of efficiency. This paper demonstrates how the economic concepts of productive, allocative and dynamic efficiency c...

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Detalles Bibliográficos
Autor: Gico Junior, Ivo Teixeira
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2020
País:Brasil
Institución:Faculdade Meridional (IMED)
Repositorio:Revista Brasileira de Direito
Idioma:portugués
OAI Identifier:oai:ojs.imed1.tempsite.ws:article/3581
Acceso en línea:https://seer.atitus.edu.br/index.php/revistadedireito/article/view/3581
Access Level:acceso abierto
Palabra clave:Efficiency; Social Welfare; Pareto Efficiency; Kaldor-Hicks Efficiency; Efficacy; Effectiveness
Direito; Economia; Análise Econômica do Direito
Eficiência; Bem-Estar Social; Eficiência de Pareto; Eficiência Kaldor-Hicks; Eficácia; Efetividade
Descripción
Sumario:From the Federal Constitution (art. 37) to the Civil Procedure Code (art. 8º), there are dozens of legal rules commanding the search for efficiency, though there is no legal definition of efficiency. This paper demonstrates how the economic concepts of productive, allocative and dynamic efficiency can be used to give meaning to those legal commands. Pareto and Kaldor-Hicks Efficiency are presented as mechanisms to measure efficiency, while cost-benefit analysis and regulatory impact analysis are shown to be mere applications of those criteria. Finally, the traditional concepts of efficacy, efficiency and effectiveness from business administration are integrated into this theoretical approach in a systematic and coherent way.