Setting Price Controls While Facing Variable Or Uncertain Market Conditions
研究在可变或不确定市场条件下，价格管制如何影响市场均衡，并推导出最优管制价格与边际收益和边际成本函数斜率的关系，同时探讨消费价格与生产价格差异下的补贴问题。
Price controls under variable or uncertain market conditions do not lead to market equilibrium. Under different assumptions for the rationing mechanism during shortages and surpluses, I find, assuming small market shocks, that the optimal regulated price can be related in a simple way to the relative slopes of the marginal benefit and marginal cost functions. In addition, if the consumption price may differ from the production price, then consumers should pay less than or equal to what producers receive, implying possibly a unit subsidy to market transactions.