HOW MANY KARATS IS GOLD - WELFARE EFFECTS OF EASING A DENOMINATION STANDARD

被引:7
作者
CRAMPES, C
HOLLANDER, A
机构
[1] IDEI,F-31042 TOULOUSE,FRANCE
[2] UNIV MONTREAL,CTR RECH & DEV ECON,MONTREAL,PQ H3C 3J7,CANADA
关键词
D O I
10.1007/BF01062687
中图分类号
F [经济];
学科分类号
02 [经济学];
摘要
Most consumers benefit from a lowering of the required amount of aurous metal which jewellers must include in products sold as ''gold.'' However, profits of producers of gold-plated adornments fall. The net welfare effect depends on whether the principal difference between consumers is their appreciation of the gold content, or their valuation of designation gold or gold-plate.
引用
收藏
页码:131 / 143
页数:13
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