A THEOREM IN THE THEORY OF EFFICIENT TRANSFERS,
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)
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 01, 1969
- Accession Number
- AD0682951
Entities
People
- Edgar O. Olsen
Organizations
- RAND Corporation