Accession Number : AD0682951

Title :   A THEOREM IN THE THEORY OF EFFICIENT TRANSFERS,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Olsen,Edgar O.

Report Date : FEB 1969

Pagination or Media Count : 8

Abstract : The purpose of this paper is to prove that efficient resource allocation requires that the face value of a federal welfare voucher be just sufficient to permit its recipient to purchase the optimal quantity of the good at its market price. (Author)

Descriptors :   (*COMMERCE, THEORY), MATHEMATICAL MODELS, VALUE ENGINEERING, INEQUALITIES, POPULATION, ECONOMICS, OPTIMIZATION

Subject Categories : Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE