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Exchangeable Coupon Gas Rationing

Author

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  • Edwards, Clark

Abstract

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 Under the proposed exchangeable coupon gasoline rationing, this allocative machinery and priority system would be superseded by a coupon resale market.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.

Suggested Citation

  • Edwards, Clark, 1974. "Exchangeable Coupon Gas Rationing," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 26(3), pages 1-14, July.
    • Handle: RePEc:ags:uersja:147224
    DOI: 10.22004/ag.econ.147224
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    Cited by:

    1. Houck, James P., 1989. "Parallel Markets, Price Theory, And China'S Grain Policy," Staff Papers 13777, University of Minnesota, Department of Applied Economics.

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