Exchangeable Coupon Gas Rationing

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 Under the proposed exchangeable coupon gasoline rationing, this allocative machinery and priority system would be superseded by a coupon resale market.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.

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Agricultural Economics Research, 26, 3
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 Record created 2017-04-01, last modified 2020-10-28

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