Two Notes on Inferring Long Run Behavior from Social Experiments.
Discusses the problem of inferring the long-run effect of a change in price on quantity demanded when price is changed for only a short period of time. The subject was first considered in the New Jersey Negative Income Tax Maintenance Experiment by Charles Metcalf. This paper derives Metcalf's results in a simple fashion and also generalizes them. An application to the Health Insurance Study is presented. 8 pp. Ref.
- Format:
- Paperback, 8 Pages
- Year:
- 1975
- List Price:
- $20.00
- Price:
- $16.00 Special 20% Web Discount
Document Details
- Copyright: RAND Corporation
- Availability: Available
- Format: Paperback
- Pages: 8
- List Price: $20.00
- Price: $16.00
- Document Number: P-5546
- Year: 1975
- Series: Papers
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