How Many Karats Is Gold: Welfare Effects of Easing a Denomination Standard.

Most consumers benefit from a lowering of the required amount of aurous metal which jewelers must include in products sold as "gold." However, profits of producers of gold-plated adornments fall. The net welfare effect depends on whether the principal difference between consumers is their appreciation of the gold content, or their valuation of designation gold or gold-plated. Copyright 1995 by Kluwer Academic Publishers

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Year of publication:	1995
Authors:	Crampes, Claude ; Hollander, Abraham
Published in:	Journal of Regulatory Economics. - Springer. - Vol. 7.1995, 2, p. 131-43
Publisher:	Springer

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005711082