This paper looks into the scholastic definitions of the “just price” in the writings of St. Thomas Aquinas (1225 … price”. A specific focus is on whether government intervention to regulate the markets could be justified under the doctrine … of just price …

We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …

affected by these price effects, even in this setting where program eligibility is high, the transfer per household is sizeable …, and hence the supply influx is large. The exception is in remote villages, where the price effects (both the negative …