Flåm, Sjur Didrik; Gaasland, Ivar; Vårdal, Erling - Institutt for Økonomi, Universitetet i Bergen - 2006
This paper studies measurement of welfare e¤ects, transient and permanent, of stabilizing or deregulating prices in Cobweb-like settings. As in Cobweb-models, producers must commit inputs in face of uncertainty. Here, however, we consider producers who are concerned with adaptations of inputs...