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The Annual Lecture in Memory of Elisha Pazner

The Annual Lecture in Memory of Elisha Pazner

Elisha Pazner's main research efforts were devoted to topics in public finance, public economics, general equilibrium analysis, social choice, incentives and industrial organization. A large share of these works followed a research plan that was only slightly adjusted over the years. He was interested in the welfare evaluation of economic activity. The basic neoclassical premise that an agent's welfare depends only on his own consumption seemed to Elisha too restrictive, and his work about economic equity has helped us to understand how we can research further. Elisha also emphasizes the issue of procedural justice, which had been neglected by most of the profession...