investigates whether the Replicating Tax increases efficiency. In the case in which the RTR can be signed as negative, efficiency … is proven to increase. While this result is one of the first derivations of efficiency gains associated with completing a …

This paper examines the performance of the JTPA performance system, a widely emulated model for inducing efficiency in … weakly, and sometimes perversely, related to long run impacts and (b) that the efficiency gains or losses from cream skimming …

In this paper we present a simple, theory-based measure of the variations in aggregate economic efficiency associated … those derived by Lucas (1987). It also suggests that the major postwar recessions involved substantial efficiency costs …

Economists tend to assume that redistributive transfers increase equity but cause a loss in efficiency, the so …-called 'leaky bucket' effect. This paper explores situations where efficiency losses are small or where equity and efficiency might …. Three situations are discussed where the equity/efficiency tradeoff may be low: When transfers go to populations with no …

costly, and managers charge an endogenous fee. The efficiency of asset prices is linked to the efficiency of the asset …

How should we measure economic efficiency? The canonical measure is an unweighted sum of willingnesses to pay. In … contrast, this paper provides efficient welfare weights that implement the Kaldor-Hicks tests for efficiency but account for ….5-2x more than surplus to the rich. I illustrate how to use these weights to evaluate the efficiency of government policy …