POSTCODE LOTTERIES

G. Steele

Economic Affairs, 2010, vol. 30, issue 3, 90-92

Abstract: Postcode lotteries are meat and drink to journalists. Examples appear limitless and predominantly within state sectors, where they are symptomatic of the ineffectiveness of non‐market allocations. With free‐market trading, the tendency is for competition to eliminate differences; but that tendency is offset by uneven advances in technologies and provision. As competition eliminates one set of discrepancies, other sets inevitably emerge.

Date: 2010
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