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Simulating the effects of supply and demand elasticities on political-economic equilibrium (Inglés)

Wallace's (1962) pioneering study brought to agricultural economics a focus on the role of supply and demand elasticity's in determining the efficiency with which agricultural policy transfers income among interest groups. His discussion provides key insights into what I call the 'consequences of policy' side of current models of political economy. Becker's (1983) and Grossman and Helpman's (1994) models, both famously seminal in the political economy...
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