Accession Number : AD0697188

Title :   SOME THEOREMS IN THE THEORY OF EFFICIENT TRANSFERS,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Olsen,Edgar O.

Report Date : OCT 1969

Pagination or Media Count : 16

Abstract : There is a rigorous argument in Paretian welfare economics for subsidies in kind to subsets of the population. There exist circumstances under which a voucher scheme could result in efficient resource allocation, but some schemes which have been suggested will not achieve this purpose. The theorems of this paper are an attempt to illuminate the circumstances under which a voucher scheme could improve resource allocation and the characteristics that the scheme must have to actually do so. (Author)

Descriptors :   (*EDUCATION, ECONOMICS), (*HOUSING(DWELLINGS), ECONOMICS), (*ECONOMICS, DECISION MAKING), UNITED STATES GOVERNMENT, MATHEMATICAL MODELS, COMMERCE, OPTIMIZATION

Subject Categories : Economics and Cost Analysis
      Sociology and Law

Distribution Statement : APPROVED FOR PUBLIC RELEASE