IDEAS home Printed from https://ideas.repec.org/p/ags/huaewp/232682.html
   My bibliography  Save this paper

Prices vs. Quantities: The Political Perspective

Author

Listed:
  • Finkelshtain, Israel
  • Kislev, Yoav

Abstract

Regulation regimes subject to influence of interest groups are compared. It is shown that allocation of the regulated commodity varies with the implemented control and that the advantage of prices (vs. quotas) increases with the elasticity of the demand or the supply of the commodity and decreases with the number of organized producers in the regulated industry. Control regimes can be ranked for negative, but not for positive, externalities. An optimal policy combination, mixing prices and quotas, is identified and limitation on its application are discussed.

Suggested Citation

  • Finkelshtain, Israel & Kislev, Yoav, 1995. "Prices vs. Quantities: The Political Perspective," Working Papers 232682, Hebrew University of Jerusalem, Center for Agricultural Economic Research.
  • Handle: RePEc:ags:huaewp:232682
    DOI: 10.22004/ag.econ.232682
    as

    Download full text from publisher

    File URL: http://ageconsearch.umn.edu/record/232682/files/hebrewuniv-workingpapers-9508.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Zusman, Pinhas & Rausser, Gordon C., 1994. "Intraorganizational influence relations and the optimality of collective action," Journal of Economic Behavior & Organization, Elsevier, vol. 24(1), pages 1-17, June.
    2. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
    3. B. Douglas Bernheim & Michael D. Whinston, 1986. "Menu Auctions, Resource Allocation, and Economic Influence," The Quarterly Journal of Economics, Oxford University Press, vol. 101(1), pages 1-31.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Demand and Price Analysis;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:huaewp:232682. 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: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/caehuil.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.