Price Controls and the Behavior of Auction Markets: An Experimental Examination
Price Controls and the Behavior of Auction Markets: An Experimental Examination
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价格控制和拍卖市场的行为:实验检验
DOI:
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发表时间:
1981
期刊:
影响因子:
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通讯作者:
C. Plott
中科院分区:
文献类型:
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作者:
R. Isaac;C. Plott
Price ceilings and price floors are common in all market systems. The ancient Greeks and Hellenistic era Egyptians are known to have utilized price controls (see H. Michele, p. 272, and J. P. Levy, p. 41), and numerous public policy questions today involve them. Apparently for as long as price controls have existed, their effects have been debated. For example, Diocletion's favorable view of his price ceilings' was disputed by the religious philosopher, Lactantius, who charged that the policy led to "scarcity and... low grade articles" (p. 145).