service permitted by a government. A government may impose a price ceiling to protect consumers or to combatinflation. Manyeconomistsbelieve setting price ceilings is economicallyinefficientand a better response is to find a way to increase thesupplyof a good or service in order to bring down ...
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PhilippinesThe Philippine government has a number of policy interventions in the domestic rice market aimed at promoting national food security. This paper examines the economy-wide and food security implications of three of the main policies: a ceiling on prices paid by rice consumers; a floor on...
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