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000031524 037__ $$a1203-2016-94933
000031524 037__ $$a1203-2016-95950
000031524 041__ $$aen
000031524 245__ $$aA NOTE ON THE EFFICIENCY OF INCOME REDISTRIBUTION WITH SIMPLE AND COMBINED POLICIES
000031524 260__ $$c1998-10
000031524 269__ $$a1998-10
000031524 300__ $$a4
000031524 336__ $$aJournal Article
000031524 446__ $$aEnglish
000031524 520__ $$aRecent studies have investigated the efficiencies of policies that use several policy instruments simultaneously (for example, a policy that uses a production subsidy combined with a production quota).  Several studies of very specific cases find that optimal combination of two policy instruments is more efficient than optimal independent use of either.  In this note we demonstrate using set theory and maximization theory, that all such specific results are examples of a more general result, which is that by combining m instruments efficiently, a government can always be at least as efficient as when using a subset of those m instruments.  This result holds for any of the several definitions of "efficiency" in the literature.
000031524 650__ $$aAgricultural and Food Policy
000031524 700__ $$aBullock, David S.
000031524 700__ $$aSalhofer, Klaus
000031524 773__ $$dOctober 1998$$jVolume 27$$kNumber 2$$o269$$q266$$tAgricultural and Resource Economics Review
000031524 8564_ $$s348481$$uhttp://ageconsearch.umn.edu/record/31524/files/27020266.pdf
000031524 887__ $$ahttp://purl.umn.edu/31524
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  Previous issue date: 1998-10
000031524 982__ $$gAgricultural and Resource Economics Review>Volume 27, Number 2, October 1998
000031524 980__ $$a1203