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The Great Alaskan Money Give Away Program

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  • Olson, Dennis O
  • O'Brien, J Patrick

Abstract

For the past six years, the state of Alaska has engaged in a unique program in which annual direct cash distributions have been made to the populace. These distributions represent in a sense dividend payments made to citizens on their individual shares of Alaska's mineral wealth. This paper provides a historic perspective of the Alaska dividend distribution program and examines actual distributions to determine whether they are consistent with utility maximization. The authors find that either a dramatic change in preferences took place over the past six years or that distributions are inconsistent with intertemporal utility maximization. Copyright 1990 by Oxford University Press.

Suggested Citation

  • Olson, Dennis O & O'Brien, J Patrick, 1990. "The Great Alaskan Money Give Away Program," Economic Inquiry, Western Economic Association International, vol. 28(3), pages 604-615, July.
    • Handle: RePEc:oup:ecinqu:v:28:y:1990:i:3:p:604-15
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    Cited by:

    1. Rouhani, Omid M. & Geddes, R. Richard & Gao, H. Oliver & Bel, Germà, 2016. "Social welfare analysis of investment public–private partnership approaches for transportation projects," Transportation Research Part A: Policy and Practice, Elsevier, vol. 88(C), pages 86-103.

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