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Journal Articles
Quarterly Journal of Political Science (2008) 2 (4): 287–305.
Published: 30 January 2008
... that redistribution to a sector whose agents have highly correlated incomes generates an insurance value. Taking this insurance value into account, a buy-out is not sufficient to compensate the agents in the sector for relocating. In fact, it may be efficient for the government to sustain agents in an activity...
Includes: Supplementary data

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