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Is Efficiency Biased?

Liscow, Zachary
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Faculty Scholarship Series
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liscow_efficiencybiased.pdf
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Abstract
Efficiency is a watchword in policy circles. If we choose policies that maximize people’s willingness to pay, we are told, we will grow the economic pie and thus benefit the rich and poor alike. Who would oppose efficiency when it is cast in this fashion?
URI
http://hdl.handle.net/20.500.13051/4857