Exchangeable Coupon Gas Rationing
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
During the gas shortage in the winter of 1973-74, farmers were high on the priority list
for gasoline allocations. Under the proposed exchangeable coupon gasoline rationing, this
allocative machinery and priority system would be superseded by a coupon resale market.
The exchangeable coupon resale market is examined from the perspective of a consuming
household and of a producing iu;m. The conclusion is that the coupon resale market will
ration gas among the same uses that a higher market price would-the difference being not
one ofallocation ofgas among alternative uses, but one of redistribution of income. The
amount of income to be redistributed is estimated in the neighborhood of $28 billion per
year.