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Equity, efficiency and the second best in dynamic policy analysis

by Shiell, Michael Leslie

Abstract (Summary)
A general framework for dynamic policy analysis in the second best is presented. The framework is characterized by a parsimonious social welfare functional, an independent - positive mode1 of she economy, second-best constraints on lump-sum redistribution, market failures, and inter-regional made equilibrium.
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Source Type:Master's Thesis

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Date of Publication:01/01/1997

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