Exchangeable Coupon Gas Rationing

Clark Edwards

Journal of Agricultural Economics Research, 1974, vol. 26, issue 3, 14

Abstract: During the gas shortage in the winter of 1973-74, farmers were high on the priority list for gasoline allocations. Under the proposed exchangeable coupon gasoline rationing, this allocative machinery and priority system would be superseded by a coupon resale market. The exchangeable coupon resale market is examined from the perspective of a consuming household and of a producing iu;m. The conclusion is that the coupon resale market will ration gas among the same uses that a higher market price would-the difference being not one ofallocation ofgas among alternative uses, but one of redistribution of income. The amount of income to be redistributed is estimated in the neighborhood of $28 billion per year.

Keywords: Consumer/Household Economics; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:147224

DOI: 10.22004/ag.econ.147224

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