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Again, an efficient policy is one that maximizes the size of the economic pie.
What might appear to be an efficient policy in one dimension can be harmful for others," it said.
Lateral transshipment is an efficient policy designed to improve the performance of a supply chain.
We find that fully subsidizing bus fares would be the most effective and efficient policy.
Consequently, the efficient policy design is not independent of the distribution of household income.
The challenge for the nation is to develop an efficient policy for reducing carbon emissions.
His research goal is to improve public policy making through understanding the impacts of public policies and efficient policy design.
GIS-based spatial targeting is increasingly recognised as a potentially useful tool to design more efficient policy interventions.
Therefore, it is a top priority for the Chinese government to adopt efficient policy instruments to reduce its carbon intensity.
Forest carbon enhancement provides a low-cost opportunity in climate policy, but needs efficient policy design to be implemented.
As Mr Waldman rightly suggests, prevailing moral sentiments are less likely to rule out efficient policy when policymakers acknowledge and address the legitimate moral concerns of the public.
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CEO of Professional Science Editing for Scientists @ prosciediting.com