An Efficiency Approach to the Evaluation of Policy Changes

Stephen Coate

No 7316, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: D61 D63 (search for similar items in EconPapers)
Date: 1999-08
New Economics Papers: this item is included in nep-cdm, nep-mic, nep-pbe, nep-pol and nep-pub
Note: PE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published as Coate, Stephen, 2000. "An Efficiency Approach to the Evaluation of Policy Changes," Economic Journal, Royal Economic Society, vol. 110(463), pages 437-55, April.

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