Optimal Famine Relief in a Market Economy
AbstractIn a competitive equilibrium model, this paper investigates how a government should intervene in an economy threatened by famine if it's objective is to minimise the loss of life. The government's task is formulated as a nonlinear programming problem and the Kuhn Tucker Theorem is used to characterise an optimal policy.
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Bibliographic InfoPaper provided by Queen's University, Department of Economics in its series Working Papers with number 570.
Length: 30 pages
Date of creation: 1984
Date of revision:
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