OPTIMAL TAX SUBSIDY INTERVENTION IN COMMODITY-MARKETS WHEN THE GROUPS OF INTEREST ARE WEIGHTED UNEQUALLY

被引:4
|
作者
BAFFES, J
机构
[1] WORLD BANK,WASHINGTON,DC 20433
[2] UNIV MARYLAND,DEPT AGR & RESOURCE ECON,COLL PK,MD 20742
关键词
OPTIMIZATION; WELFARE FUNCTIONS; WELFARE WEIGHTS;
D O I
10.1093/erae/20.3.365
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
Models of optimal intervention in commodity markets often presume the existence of a policy maker who explicitly maximises a social welfare function consisting of the weighted sum of welfare of different groups. This study identifies conditions regarding the weights attached to the groups of interest as well as the underlying technologies and preferences under which those welfare functions are consistent with the optimisation hypothesis.
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页码:365 / 378
页数:14
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