Price Stabilization and Welfare
- 1 May 1969
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 83 (2) , 284-298
- https://doi.org/10.2307/1883084
Abstract
I. Introduction, 284. — II. The Waugh-Oi results, 285. — III. A model with producers and consumers, 288. — IV. A positive storage cost, 290. — V. The gains from price stabilization: a more general analysis, 290. — VI. The distribution of gains among producers and consumers, 293. — VII. Gains to individual producers and consumers, 294. — VIII. Quantity destablization, 296 — IX. Time trend, 297. — X. Conclusions, 297.Keywords
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