Calculating the Size of the Shadow Market as the Result of State Shortages Policy in the World Economy
- Autores: Morozova NО1
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Afiliações:
- Astrakhan State University
- Edição: Nº 3 (2009)
- Páginas: 14-27
- Seção: ARTICLES
- URL: https://journals.rcsi.science/2313-0660/article/view/339474
- ID: 339474
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Resumo
Government regulation in the form of price ceiling and price floor creates shortages. The shortages decrease the amount of welfare and cause deadweight losses. But the shortages enhance the formation of the shadow market which diminishes the amount of shortages and removes the deadweight losses. The author suggests a method of calculating maximum and minimum scale of a shadow market in contemporary world economy.
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Sobre autores
N Morozova
Astrakhan State University
Email: nmorozova2006@yandex.ru
Кафедра менеджмента и финансов; Астраханский государственный университет; Astrakhan State University
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