A Theory of Piecemeal Policy Recommendations.
The main objective of the present paper is to formulate some piecemeal policy recommendations which would definitely result in a move towards efficiency. In particular, we will prove the following: (a) a policy which reduces all price distortions uniformly will improve the welfare of the economy, if...
| Publicado en: | Review of Economic Studies Vol. 44; no. 1; pp. 1 - 22 |
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| Formato: | Artículo |
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Oxford University Press / USA
Feb77
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| Acceso en línea: | Ver este registro en EBSCOhost |