asymptotic allocation where the aggregate distortions arising from political economy disappear. In contrast, when the government …

asymptotic allocation where the aggregate distortions arising from political economy disappear. In contrast, when the government …

asymptotic allocation where the aggregate distortions arising from political economy disappear. In contrast, when the government …

improve the allocation of resources by preventing the use of these inefficient, indirect methods of redistribution. This … possibility that the allocation of resources may deteriorate substantially in response to an autonomous increase in state capacity …