Klepper, Gernot - C.E.P.R. Discussion Papers - 1992
between two markets and price controls through governments in one market are introduced. The effects of easier arbitrage … opportunities, i.e. lower arbitrage costs, on the prices in the two markets are analysed. Also, the impact of a reduction in price … controls in the low-priced markets as well as their combined effects are characterized. The welfare effects of the Internal …