We developed the AGRIPOL game as a tool for teaching agricultural policy to economic and non-economic students. AGRIPOL consists of a world with 7 different countries, each one represented by a small group of students. The students have to maximize their country's social welfare by choosing an...

The paper focuses on misconceptions about the compensation principle of neo-Paretian welfare economics, and argues that the efficiency interpretation often attached to it is a dubious one. Applied welfare analists should realize the real significance of 'potential Pareto improvement' and take it...