An estimate of import surplus under a disequilibrium system
Conclusions The direct rationing system undeniably resulted in sizable windfall profits for importers, selected exchange officials, and those with political connections. That the rationing system did not operate according to design should not be interpreted as necessarily undesirable, however. In te...
Ausführliche Beschreibung
Gespeichert in:
| Autor*in: |
Huddle, Donald L. [verfasserIn] |
|---|
| Format: |
Artikel |
|---|---|
| Sprache: |
Englisch |
| Erschienen: |
1968 |
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| Schlagwörter: |
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| Anmerkung: |
© The Center for Studies in Public Choice, Department of Economics, Virginia Polytechnic Institute 1968 |
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| Übergeordnetes Werk: |
Enthalten in: Public choice - Kluwer Academic Publishers, 1968, 5(1968), 1 vom: Sept., Seite 113-120 |
|---|---|
| Übergeordnetes Werk: |
volume:5 ; year:1968 ; number:1 ; month:09 ; pages:113-120 |
| Links: |
|---|
| DOI / URN: |
10.1007/BF01718689 |
|---|
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OLC2061926576 |
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| 520 | |a Conclusions The direct rationing system undeniably resulted in sizable windfall profits for importers, selected exchange officials, and those with political connections. That the rationing system did not operate according to design should not be interpreted as necessarily undesirable, however. In terms of investment, efficient allocation of resources, and price stability criteria, the breakdown of the system may have been better or worse than its perfect operation. It is interesting that the income distributional effects prompted a change rather than efficiency or investment effects. In late 1953 a new system incorporating the acutioning of foreign exchange to importers in a price bidding market was designed to transfer all windfalls to the government. But that importers, functionaries, and politicians succeeded in capturing part of the windfalls attests to the difficulties of operating efficiently a disequilibrium system. | ||
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10.1007/BF01718689 doi (DE-627)OLC2061926576 (DE-He213)BF01718689-p DE-627 ger DE-627 rakwb eng 330 VZ Huddle, Donald L. verfasserin aut An estimate of import surplus under a disequilibrium system 1968 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © The Center for Studies in Public Choice, Department of Economics, Virginia Polytechnic Institute 1968 Conclusions The direct rationing system undeniably resulted in sizable windfall profits for importers, selected exchange officials, and those with political connections. That the rationing system did not operate according to design should not be interpreted as necessarily undesirable, however. In terms of investment, efficient allocation of resources, and price stability criteria, the breakdown of the system may have been better or worse than its perfect operation. It is interesting that the income distributional effects prompted a change rather than efficiency or investment effects. In late 1953 a new system incorporating the acutioning of foreign exchange to importers in a price bidding market was designed to transfer all windfalls to the government. But that importers, functionaries, and politicians succeeded in capturing part of the windfalls attests to the difficulties of operating efficiently a disequilibrium system. Rationing System Public Finance Stability Criterion Foreign Exchange Distributional Effect Enthalten in Public choice Kluwer Academic Publishers, 1968 5(1968), 1 vom: Sept., Seite 113-120 (DE-627)129497630 (DE-600)207597-0 (DE-576)014896680 0048-5829 nnns volume:5 year:1968 number:1 month:09 pages:113-120 https://doi.org/10.1007/BF01718689 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-POL SSG-OLC-WIW GBV_ILN_22 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_70 GBV_ILN_2003 GBV_ILN_2005 GBV_ILN_2012 GBV_ILN_2020 GBV_ILN_4012 GBV_ILN_4029 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4310 GBV_ILN_4314 GBV_ILN_4318 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4700 AR 5 1968 1 09 113-120 |
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10.1007/BF01718689 doi (DE-627)OLC2061926576 (DE-He213)BF01718689-p DE-627 ger DE-627 rakwb eng 330 VZ Huddle, Donald L. verfasserin aut An estimate of import surplus under a disequilibrium system 1968 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © The Center for Studies in Public Choice, Department of Economics, Virginia Polytechnic Institute 1968 Conclusions The direct rationing system undeniably resulted in sizable windfall profits for importers, selected exchange officials, and those with political connections. That the rationing system did not operate according to design should not be interpreted as necessarily undesirable, however. In terms of investment, efficient allocation of resources, and price stability criteria, the breakdown of the system may have been better or worse than its perfect operation. It is interesting that the income distributional effects prompted a change rather than efficiency or investment effects. In late 1953 a new system incorporating the acutioning of foreign exchange to importers in a price bidding market was designed to transfer all windfalls to the government. But that importers, functionaries, and politicians succeeded in capturing part of the windfalls attests to the difficulties of operating efficiently a disequilibrium system. Rationing System Public Finance Stability Criterion Foreign Exchange Distributional Effect Enthalten in Public choice Kluwer Academic Publishers, 1968 5(1968), 1 vom: Sept., Seite 113-120 (DE-627)129497630 (DE-600)207597-0 (DE-576)014896680 0048-5829 nnns volume:5 year:1968 number:1 month:09 pages:113-120 https://doi.org/10.1007/BF01718689 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-POL SSG-OLC-WIW GBV_ILN_22 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_70 GBV_ILN_2003 GBV_ILN_2005 GBV_ILN_2012 GBV_ILN_2020 GBV_ILN_4012 GBV_ILN_4029 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4310 GBV_ILN_4314 GBV_ILN_4318 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4700 AR 5 1968 1 09 113-120 |
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10.1007/BF01718689 doi (DE-627)OLC2061926576 (DE-He213)BF01718689-p DE-627 ger DE-627 rakwb eng 330 VZ Huddle, Donald L. verfasserin aut An estimate of import surplus under a disequilibrium system 1968 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © The Center for Studies in Public Choice, Department of Economics, Virginia Polytechnic Institute 1968 Conclusions The direct rationing system undeniably resulted in sizable windfall profits for importers, selected exchange officials, and those with political connections. That the rationing system did not operate according to design should not be interpreted as necessarily undesirable, however. In terms of investment, efficient allocation of resources, and price stability criteria, the breakdown of the system may have been better or worse than its perfect operation. It is interesting that the income distributional effects prompted a change rather than efficiency or investment effects. In late 1953 a new system incorporating the acutioning of foreign exchange to importers in a price bidding market was designed to transfer all windfalls to the government. But that importers, functionaries, and politicians succeeded in capturing part of the windfalls attests to the difficulties of operating efficiently a disequilibrium system. Rationing System Public Finance Stability Criterion Foreign Exchange Distributional Effect Enthalten in Public choice Kluwer Academic Publishers, 1968 5(1968), 1 vom: Sept., Seite 113-120 (DE-627)129497630 (DE-600)207597-0 (DE-576)014896680 0048-5829 nnns volume:5 year:1968 number:1 month:09 pages:113-120 https://doi.org/10.1007/BF01718689 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-POL SSG-OLC-WIW GBV_ILN_22 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_70 GBV_ILN_2003 GBV_ILN_2005 GBV_ILN_2012 GBV_ILN_2020 GBV_ILN_4012 GBV_ILN_4029 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4310 GBV_ILN_4314 GBV_ILN_4318 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4700 AR 5 1968 1 09 113-120 |
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10.1007/BF01718689 doi (DE-627)OLC2061926576 (DE-He213)BF01718689-p DE-627 ger DE-627 rakwb eng 330 VZ Huddle, Donald L. verfasserin aut An estimate of import surplus under a disequilibrium system 1968 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © The Center for Studies in Public Choice, Department of Economics, Virginia Polytechnic Institute 1968 Conclusions The direct rationing system undeniably resulted in sizable windfall profits for importers, selected exchange officials, and those with political connections. That the rationing system did not operate according to design should not be interpreted as necessarily undesirable, however. In terms of investment, efficient allocation of resources, and price stability criteria, the breakdown of the system may have been better or worse than its perfect operation. It is interesting that the income distributional effects prompted a change rather than efficiency or investment effects. In late 1953 a new system incorporating the acutioning of foreign exchange to importers in a price bidding market was designed to transfer all windfalls to the government. But that importers, functionaries, and politicians succeeded in capturing part of the windfalls attests to the difficulties of operating efficiently a disequilibrium system. Rationing System Public Finance Stability Criterion Foreign Exchange Distributional Effect Enthalten in Public choice Kluwer Academic Publishers, 1968 5(1968), 1 vom: Sept., Seite 113-120 (DE-627)129497630 (DE-600)207597-0 (DE-576)014896680 0048-5829 nnns volume:5 year:1968 number:1 month:09 pages:113-120 https://doi.org/10.1007/BF01718689 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-POL SSG-OLC-WIW GBV_ILN_22 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_70 GBV_ILN_2003 GBV_ILN_2005 GBV_ILN_2012 GBV_ILN_2020 GBV_ILN_4012 GBV_ILN_4029 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4310 GBV_ILN_4314 GBV_ILN_4318 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4700 AR 5 1968 1 09 113-120 |
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Huddle, Donald L. |
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Huddle, Donald L. |
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an estimate of import surplus under a disequilibrium system |
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An estimate of import surplus under a disequilibrium system |
| abstract |
Conclusions The direct rationing system undeniably resulted in sizable windfall profits for importers, selected exchange officials, and those with political connections. That the rationing system did not operate according to design should not be interpreted as necessarily undesirable, however. In terms of investment, efficient allocation of resources, and price stability criteria, the breakdown of the system may have been better or worse than its perfect operation. It is interesting that the income distributional effects prompted a change rather than efficiency or investment effects. In late 1953 a new system incorporating the acutioning of foreign exchange to importers in a price bidding market was designed to transfer all windfalls to the government. But that importers, functionaries, and politicians succeeded in capturing part of the windfalls attests to the difficulties of operating efficiently a disequilibrium system. © The Center for Studies in Public Choice, Department of Economics, Virginia Polytechnic Institute 1968 |
| abstractGer |
Conclusions The direct rationing system undeniably resulted in sizable windfall profits for importers, selected exchange officials, and those with political connections. That the rationing system did not operate according to design should not be interpreted as necessarily undesirable, however. In terms of investment, efficient allocation of resources, and price stability criteria, the breakdown of the system may have been better or worse than its perfect operation. It is interesting that the income distributional effects prompted a change rather than efficiency or investment effects. In late 1953 a new system incorporating the acutioning of foreign exchange to importers in a price bidding market was designed to transfer all windfalls to the government. But that importers, functionaries, and politicians succeeded in capturing part of the windfalls attests to the difficulties of operating efficiently a disequilibrium system. © The Center for Studies in Public Choice, Department of Economics, Virginia Polytechnic Institute 1968 |
| abstract_unstemmed |
Conclusions The direct rationing system undeniably resulted in sizable windfall profits for importers, selected exchange officials, and those with political connections. That the rationing system did not operate according to design should not be interpreted as necessarily undesirable, however. In terms of investment, efficient allocation of resources, and price stability criteria, the breakdown of the system may have been better or worse than its perfect operation. It is interesting that the income distributional effects prompted a change rather than efficiency or investment effects. In late 1953 a new system incorporating the acutioning of foreign exchange to importers in a price bidding market was designed to transfer all windfalls to the government. But that importers, functionaries, and politicians succeeded in capturing part of the windfalls attests to the difficulties of operating efficiently a disequilibrium system. © The Center for Studies in Public Choice, Department of Economics, Virginia Polytechnic Institute 1968 |
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