This paper compares alternative methods of analyzing price policy. The "single-market" approach uses the standard technique of consumer and producer surplus. In agriculture, where substitution possibilities may be especially strong, a single-market approach may leave out important repercusions in related markets. Accordingly, the single-market approach is compared with a "multi-market" approach in which an effort is made to incorporate all those markets...
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INFORMATION
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1985/02/28
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Document de travail départemental
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CPD8501
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1
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1
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2020/08/05
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Disclosed
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The relative merits of alternative approaches to applied welfare economics
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market model
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