Testing the Efficient Redistribution Hypothesis: An Application to Japanese Beef Policy
构建日本牛肉市场的政治经济模型，运用统计检验评估1990-1991年牛肉政策的帕累托效率，发现1990年政策无效，1991年结果在5%显著性水平下无法拒绝无效假设，但在7%水平下可拒绝。
Abstract We discuss and model the structure of the political economy of Japanese beef markets, and we apply Bullock's statistical test of the efficient redistribution hypothesis to our model to study the Pareto efficiency of Japanese beef policy in 1990 and 1991. We found that, under the hypothesis that our modeled political economy adequately reflects the true Japanese beef political economy, we could not reject at the 5% significance level that Japanese beef policy was inefficient in 1990 and in 1991; however, we could reject inefficiency in 1991 at a 7% level of significance.