Optimal Policy Reforms with an Implicit Political Preference: The Case of Rice in Korea

Jeongbin I'm

Journal of Rural Development/Nongchon-Gyeongje, 2000, vol. 23, issue 3

Abstract: The normative use of the Political preference function may provide useful insights to policymakers and economists. Particularly, when the government attaches different weights to producers, consumers and taxpayers, the optimal choice among alternative policies depends on the particular political (or welfare) preferences and is an empirical question. Thus, this paper has employed the implicit political preference function to analyze the trade-off between economic efficiency and political feasibility among alternative rice policies in Korea. Specifically, in this paper, we demonstrate the trade-off between economic efficiency and political feasibility among five alternative policy instruments.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jordng:288015

DOI: 10.22004/ag.econ.288015

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