Aminkhaki, Alireza

[ 1 ] - Estimating the Welfare Effect of Rationing

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 alt...