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An efficiency approach to the evaluation of policy changes

Author: Stephen Coate; National Bureau of Economic Research.
Publisher: Cambridge, MA : National Bureau of Economic Research, ©1999.
Series: Working paper series (National Bureau of Economic Research), working paper no. 7316.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Abstract: This paper describes an efficiency approach to the evaluation of policy changes. Rather than comparing the utility allocations that arise before and after a policy change is introduced, this approach evaluates a policy change by comparing it with other possible changes which might be made from the status quo. The main merit of the approach is that it is founded on the Pareto criterion rather than on a  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Stephen Coate; National Bureau of Economic Research.
OCLC Number: 70121488
Notes: "August 1999."
Description: 1 online resource (25 pages).
Series Title: Working paper series (National Bureau of Economic Research), working paper no. 7316.
Other Titles: Evaluation of policy changes
Responsibility: Stephen Coate.

Abstract:

Abstract: This paper describes an efficiency approach to the evaluation of policy changes. Rather than comparing the utility allocations that arise before and after a policy change is introduced, this approach evaluates a policy change by comparing it with other possible changes which might be made from the status quo. The main merit of the approach is that it is founded on the Pareto criterion rather than on a distributional value judgement. The paper provides a precise statement of the approach and applies it to a number of examples. Some objections to the approach are also anticipated and discussed.

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