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When there are binding price controls, there are shortages and the allocation of goods across consumers may not be …
Persistent link: https://www.econbiz.de/10013221092
When there are binding price controls, there are shortages and the allocation of goods across consumers may not be …
Persistent link: https://www.econbiz.de/10012472591
Persistent link: https://www.econbiz.de/10000643459
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This paper examines the optimal location-based redistribution policy and shows that adjustment for local price levels is occasionally optimal, but never for the reasons suggested by the popular press. First, the existence of a spatial equilibrium suggests that utility levels will be equalized...
Persistent link: https://www.econbiz.de/10013232727
This paper examines the optimal location-based redistribution policy and shows that adjustment for local price levels is occasionally optimal, but never for the reasons suggested by the popular press. First, the existence of a spatial equilibrium suggests that utility levels will be equalized...
Persistent link: https://www.econbiz.de/10012473250
Persistent link: https://www.econbiz.de/10003769958
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