Construct · 1 fields · 1 citations

prices versus quantities: a standalone construct

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Public economics

the comparison of price instruments and quantity controls under uncertainty, where the better choice depends on the relative slopes of marginal benefit and cost.

In public economics, prices versus quantities refers to the comparison of price instruments and quantity controls under uncertainty, where the better choice depends on the relative slopes of marginal benefit and cost. This meaning comes from Weitzman (1974) in The Review of Economic Studies.[1]

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Nearby constructs

cost4 fields · 4 citationsjingle · one word, four constructs marginal3 fields · 3 citationsjingle · one word, three constructs quantity4 fields · 4 citationsjingle · one word, four constructs

References

Weitzman, M. L. (1974). Prices vs. Quantities. The Review of Economic Studies, 41(4), 477. https://doi.org/10.2307/2296698

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