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State ramsey rule of optimal commodity taxation and the intuition for it
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critically examine the statement that privatization can always decentralize economic power
With a background from the previous section we now study some of the critical characteristics of policy process. You have already studied earlier various technical theories relatin
Introduce uncertainties in attainments of policy outcomes, winning of elections, optimistic and pessimistic expectations of agents and relate it to various adjustments and converge
Consider the Edgeworth box with the production of consumption goods B and health- investment goods I. (a) Briefly explain the derivation of the contract curve. (b) How does one der
The other type is called ex-post heterogeneity which refer to the conflict (of interests) arising due to distributional implications of the public policy. Thus when a public polic
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