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Subsidy in terms of pareto efficiency and fairness

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Reference no: EM133224153

Question 1.

Evaluate the decision of the Washington government to double the first home buyer subsidy in terms of Pareto efficiency and fairness.

Question 2.

Now suppose the Washington government decided not to help first home buyers in Seattle any longer and removes the existing subsidy. Evaluate this decision in terms of Pareto efficiency and fairness.

Reference no: EM133224153

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