How Many Karats Is Gold: Welfare Effects of Easing a Denomination Standard

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How Many Karats Is Gold: Welfare Effects of Easing a Denomination Standard

Author Info

Crampes, Claude
Hollander, Abraham

Additional information is available for the following registered author(s):

Claude Crampes

Abstract

Most consumers benefit from a lowering of the required amount of aurous metal which jewelers must include in products sold as "gold." However, profits of producers of gold-plated adornments fall. The net welfare effect depends on whether the principal difference between consumers is their appreciation of the gold content, or their valuation of designation gold or gold-plated. Copyright 1995 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Journal of Regulatory Economics.

Volume (Year): 7 (1995)
Issue (Month): 2 (March)
Pages: 131-43
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Handle: RePEc:kap:regeco:v:7:y:1995:i:2:p:131-43

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Paper
- Crampes, C. & Hollander, A., 1992. "How Many Karats Is Gold: Welfare Effects of Easing a Denomination Standard," Papers 92.271, Toulouse - GREMAQ.
- Crampes, C. & Hollander, A., 1992. "How Many Karats Is Gold: Welfare Effects of Easing a Denomination Standard," Cahiers de recherche 9225, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Crampes, C. & Hollander, A., 1992. "How Many Karats Is Gold: Welfare Effects of Easing a Denomination Standard," Cahiers de recherche 9225, Universite de Montreal, Departement de sciences economiques.

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