Income redistribution through commodity programmes and the marginal welfare cost of taxation
Most economic welfare analysis of farm programmes are usually computed based on the assumption that the social opportunity cost of a dollar of public spending is equivalent to a dollar of private income. The approach simplifies the analysis but ignores the welfare cost of distortion caused by collec...
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Format: | Article |
Language: | English |
Published: |
Penerbit Universiti Kebangsaan Malaysia
1992
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Online Access: | http://psasir.upm.edu.my/id/eprint/37647/1/Income%20redistribution%20through%20commodity%20programmes%20and%20the%20marginal%20welfare%20cost%20of%20taxation.pdf |