Is it a good practice when you give out blanket subsidies? Does targeted subsidies work better and are cost effective? I am researching this topic applied to taxation field.
Targeted subsidies entail explicit extra administrative costs and implicit costs (or benefit omissions) when some eligibles do not receive the subsidy due to e.g. paperwork friction. The alternative is universal benefits + taxes. See https://www.peoplespolicyproject.org/2022/11/11/universal-be...