Efficient Redistribution through Commodity Markets
衡量市场干预在消费者和生产者之间转移经济剩余时产生的无谓损失,分析供需弹性对再分配效率的影响,并比较生产控制和差额补贴两种政策,为评估商品项目及政策效率提供依据。
Abstract Efficiency in redistribution is measured in terms of deadweight loss generated per dollar of economic surplus transferred between consumers and producers of a commodity by means of market intervention. The implications of supply and demand elasticities for efficiency in redistribution are examined with special attention to the comparison of production control and deficiency payment programs. The results may be used to aid in the evaluation of commodity programs and as a basis for consideration of the hypothesis that observed policies are efficient, given the political power of interest groups.