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:: Volume 29, Issue 100 (Quarterly journal of economic research and policies 2022) ::
qjerp 2022, 29(100): 7-40 Back to browse issues page
Estimating the Welfare Effect of Rationing
Alireza Aminkhaki, Mohammad Vesal *, Mohammad Hossein Rahmati
Sharif University of Technology , m.vesal@sharif.edu
Abstract:   (1141 Views)
Ensuring access to essential goods during hard times has always been the policy makers’ main concern. Using Household Expenditure and Income Survey data during 1984-1989, we estimate the welfare effects of rationing three essential goods: rice, cooking oil, and sugar. We find that households consumed higher than the efficient quantities of these rationed goods due to lower prices. Under the alternative policy of a cash transfer equal to the value of rations, we estimate a small increase in the aggregate welfare. The distribution of this overall small welfare gain is skewed toward the poor households. The welfare of the poorest quintile of households increases by more than 5 percent when cash transfers replace rationing.
Keywords: Rationing, Coupon, Welfare distribution, Welfare loss, misallocation
Full-Text [PDF 828 kb]   (157 Downloads)    
Type of Study: Research | Subject: Special
Received: 2019/11/6 | Accepted: 2022/01/31 | Published: 2022/03/20
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Aminkhaki A, Vesal M, Rahmati M H. Estimating the Welfare Effect of Rationing. qjerp 2022; 29 (100) :7-40
URL: http://qjerp.ir/article-1-2556-en.html


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Volume 29, Issue 100 (Quarterly journal of economic research and policies 2022) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
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