@article{Edwards:147224, recid = {147224}, author = {Edwards, Clark}, title = {Exchangeable Coupon Gas Rationing}, journal = {Agricultural Economics Research}, address = {1974-07}, number = {1489-2016-125876}, pages = {14}, year = {1974}, abstract = {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 Under the proposed exchangeable coupon gasoline rationing, this allocative machinery and priority system would be superseded by a coupon resale market.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.}, url = {http://ageconsearch.umn.edu/record/147224}, doi = {https://doi.org/10.22004/ag.econ.147224}, }