Abstract
Government policies often distort the price distribution, rather than stabilize or unstabilize prices; recent examples are trade reforms. Previous contingent bounds of noncontingent equivalent variations are still valid, however, additional assumptions are required. A byproduct is a generalized risk premium.
Original language | English |
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Pages (from-to) | 257-261 |
Number of pages | 5 |
Journal | Economics Letters |
Volume | 36 |
Issue number | 3 |
DOIs | |
State | Published - Jul 1991 |
Externally published | Yes |