Eliminating price supports. A political economy perspective
Journal Article (Journal Article)
This paper characterizes information and politically constrained government programs for eliminating price supports. The issues which we examine in this model include: (i) To what extent is it possible to reduce the size of oversubscribed industries in light of the information and political constraints that exist? Is a complete 'decoupling' of a worker's compensation from her output possible or desirable? (ii) Which 'type' of workers (as characterized by their skill levels and outside employment opportunities) remain in the industry? (iii) Which type of worker is harmed by the relocation program? Which coalitions of workers will oppose the reorganization? © 1989.
Full Text
Duke Authors
Cited Authors
- Lewis, TR; Feenstra, R; Ware, R
Published Date
- January 1, 1989
Published In
Volume / Issue
- 40 / 2
Start / End Page
- 159 - 185
International Standard Serial Number (ISSN)
- 0047-2727
Digital Object Identifier (DOI)
- 10.1016/0047-2727(89)90001-7
Citation Source
- Scopus