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Are Government Transfers Efficient? An Alternative Test of the Efficient Redistribution Hypothesis

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  • Bullock, David S

Abstract

The efficient redistribution hypothesis says that no available government policies are Pareto superior to observed government policies. Efficient redistribution from government policy is a central tenet of much recent theoretical and applied political economy literature. In this paper, limitations of previous attempts to test the efficient redistribution hypothesis are discussed and an alternative test of the efficient redistribution hypothesis that uses vector optimization theory and bootstrap methodology is presented. Copyright 1995 by University of Chicago Press.

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Bibliographic Info

Article provided by University of Chicago Press in its journal Journal of Political Economy.

Volume (Year): 103 (1995)
Issue (Month): 6 (December)
Pages: 1236-74

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Handle: RePEc:ucp:jpolec:v:103:y:1995:i:6:p:1236-74

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Cited by:
  1. Alston, Julian M. & Smith, Vincent H. & Acquaye, Albert & Hosseini, Safdar, 1999. "Least-cost cheap-food policies: some implications of international food aid," Agricultural Economics, Blackwell, vol. 20(3), pages 191-201, May.
  2. de Gorter, Harry, 2008. "Explaining Inefficient Policy Instruments," Agricultural Distortions Working Paper 48638, World Bank.
  3. Ando, Amy, 1998. "Do Interest Groups Compete?," Discussion Papers dp-98-14, Resources For the Future.
  4. Bullock, D. S. & Salhofer, K., 1998. "Measuring the social costs of suboptimal combinations of policy instruments: A general framework and an example," Agricultural Economics, Blackwell, vol. 18(3), pages 249-259, May.
  5. Sahrbacher, Amanda, 2012. "Impacts of CAP reforms on farm structures and performance disparities: An agent-based approach," Studies on the Agricultural and Food Sector in Central and Eastern Europe, Leib­niz Institute of Agricultural Development in Central and Eastern Europe (IAMO), volume 65, number 65.
  6. Agathe Rouaix & Charles Figuières & Marc Willinger, 2013. "The trade-off between welfare and equality in a public good experiment," Working Papers 13-03, LAMETA, Universtiy of Montpellier, revised Feb 2013.
  7. Thilo Glebe & Klaus Salhofer, 2007. "EU agri-environmental programs and the "restaurant table effect"," Agricultural Economics, International Association of Agricultural Economists, vol. 37(2-3), pages 211-218, 09.
  8. Earl L. Grinols & Peri Silva, 2012. "Intervention Efficiency, Incentive Symmetry, and Information," Development Working Papers 334, Centro Studi Luca d\'Agliano, University of Milano, revised 16 Jul 2012.
  9. Mittenzwei, Klaus & Bullock, David S. & Salhofer, Klaus & Kola, Jukka, 2011. "Towards a Theory of Policy Making," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114639, European Association of Agricultural Economists.
  10. Bullock, David S. & Salhofer, Klaus, 2003. "Judging agricultural policies: a survey," Agricultural Economics, Blackwell, vol. 28(3), pages 225-243, May.
  11. Bullock, David S., 2008. "Simulating the Effects of Supply and Demand Elasticities on Political-Economic Equilibrium," Agricultural Distortions Working Paper 48636, World Bank.
  12. Eckardt, Martina, 2004. "Evolutionary approaches to legal change," Thuenen-Series of Applied Economic Theory 47, University of Rostock, Institute of Economics.
  13. Coate, Stephen, 2000. "An Efficiency Approach to the Evaluation of Policy Changes," Economic Journal, Royal Economic Society, vol. 110(463), pages 437-55, April.
  14. Salhofer, K., 1996. "Efficient income redistribution for a small country using optimal combined instruments," Agricultural Economics, Blackwell, vol. 13(3), pages 191-199, February.

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