Economics, Econometrics and Finance
8 years ago

New research reveals how regulation and price control impact societal welfare.

RePEc: Research Papers in Economics
An Essay on the Concept of Dynamic Efficiency and its Implications for Assessments of the Benefits from Regulation and Price Control
Jie Zhang, Neil Quigley, Lewis Evans

Paper Summary

The article discusses the concept of dynamic efficiency, which looks at how well resources are used over time, not just at one moment. It explains that traditional efficiency measures only consider resource allocation and production at a single point in time.

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