A Note on Excess Demand Curves
Creators:Chambers, Robert G.
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Publisher:Ohio State University. Department of Agricultural, Environmental, and Development Economics
Series/Report no.:Ohio State University. Department of Agricultural Economics and Rural Sociology. ESO (Economics and Sociology Occasional Paper). No. 563
The possibility of a kinked excess deman curve is demonstrated. Implications are drawn with regard to optimal tariffs and optimal export taxes.