Browsing Norges Banks publikasjonsserier / Norges Bank publication series by Subject "JEL: C73"
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Persistent Inefficient Redistribution
(Working Papers;11/2002, Working paper, 2002)Why do governments redistribute through indirect and inefficient means? An intuitive hypothesis is that it masks the real aim and cost of policy. In this paper we construct a dynamic model with an infinite horizon, political ...