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Keywords: Social welfare
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Journal Articles
Journal:
Indian Growth and Development Review
Indian Growth and Development Review (2009) 2 (1): 39–55.
Published: 17 April 2009
... B, received from the public exchequer. We assume that when the transfer is made to a deserving candidate, it increases social welfare by an amount αB (α > 0), whereas when an undeserving candidate receives the transfer, social welfare is unaffected. Any private transfers between agents...
