Price Controls and Consumer Surplus.
The condition for when a price control increases consumer welfare in perfect competition is tighter than often realised. When demand is linear, a small restriction on price only increases consumer surplus if the elasticity of demand exceeds the elasticity of supply; with log-linear or constant-elast...
| Main Authors: | , |
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| 格式: | Working paper |
| 語言: | English |
| 出版: |
Nuffield College (University of Oxford)
2009
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