Eliminating price supports. A political economy perspective

Published

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