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 |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4622547&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4622547 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346527 REM jtl: Review of Economic Studies issn: 00346527 maglogo: N pubinfo: dt: Feb77 vid: 44 iid: 1 pid: 622 pub: Oxford University Press / USA artinfo: ui: 4622547 10.2307/2296969 ppf: 1 ppct: 21 formats: tig: atl: A Theory of Piecemeal Policy Recommendations. aug: au: Hatta, Tatsuo affil: Saitama University, University of Kentucky su: Demand function Prices Economic policy Economics Neoclassical school of economics Social sciences United States sug: subj: United States Demand function Prices Economic policy Economics Neoclassical school of economics Social sciences ab: 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 it is stable in the Marshallian sense. (b) a policy which brings the highest distortion to the level of the next highest will improve the welfare of the economy, if the good with the highest distortion is substitutable for all the other goods and if the economy is stable in the Marshallian sense. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1977 holdings: @attributes: islocal: N |
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