Regionally differing optimal prices in an economic community

Karl Frenz

European Review of Agricultural Economics, 1982, vol. 9, issue 1, 41-63

Abstract: Summary A simple comprehensive model is used to find the optimal regional prices — from the point of view of welfare economics - for an economic community, assuming different conditions and varying political economic targets. Uniform prices in the community are optimal only for special constellations. Since for the EC the corresponding conditions and targets hardly exist, the total abolition of monetary compensatory amounts, in order to achieve uniform prices (neglecting costs of transportation), can hardly be justified on welfare theoretical grounds.

Date: 1982
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