Decentralization and Efficiency of Subsidy Targeting: Evidence from Chiefs in Rural Malawi Pia Basurto, Pascaline Dupas, Jonathan Robinson Abstract Developing countries spend vast sums on subsidies. Beneficiaries are typically se- lected via either a proxy-means test (PMT) or through a decentralized identification process led by local leaders. A decentralized allocation may offer informational ad- vantages, […]