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Optimal Famine Relief in a Market Economy

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  • Stephen T.R. Coate
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    Abstract

    In 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 Info

    Paper provided by Queen's University, Department of Economics in its series Working Papers with number 570.

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    Length: 30 pages
    Date of creation: 1984
    Date of revision:
    Handle: RePEc:qed:wpaper:570

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