General Equilibrium Analysis of Price Controls: A Computational Approach
This paper presents a computational general equilibrium framework for evaluating the welfare costs associated with economy-wide price controls. Other than traditional commodity-specific partial equilibrium analyses, most empirical literature on price controls concentrates on macroeconomic issues, such as the impact on inflation and unemployment. Here the authors seek to reorient empirical literature on the effects of these controls toward efficiency losses from resource misallocation by providing a framework that can be used to address the issue of how large these economic inefficiencies are, and who gains and who loses from them. Copyright 1990 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.
Volume (Year): 31 (1990)
Issue (Month): 3 (August)
|Contact details of provider:|| Postal: 160 McNeil Building, 3718 Locust Walk, Philadelphia, PA 19104-6297|
Phone: (215) 898-8487
Fax: (215) 573-2057
Web page: http://www.econ.upenn.edu/ier
More information through EDIRC
|Order Information:|| Web: http://www.blackwellpublishing.com/subs.asp?ref=0020-6598 Email: |
When requesting a correction, please mention this item's handle: RePEc:ier:iecrev:v:31:y:1990:i:3:p:667-84. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or ()
If references are entirely missing, you can add them using this form.