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Efficient Redistribution Using Quotas and Subsidies in the Presence of Misrepresentation and Cheating

Giannakas, Konstantinos; Fulton, Murray - 2010

This paper introduces misrepresentation and cheating into the policy analysis of output quotas and subsidies. Analytical results show that when cheating occurs output quotas are a less efficient means of income redistribution than is traditionally believed. As well, cheating increases the...

Persistent link: https://www.econbiz.de/10014154477