A Reform Proposal for Management of Regulated Prices (Written in Korean)
The primary purpose of price regulation on public utilities and other public services is not to prevent them from rising and control inflation but to allocate resources efficiently and reflect social values, when market does not function perfectly. That is, price regulation by government is a policy...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
1991-08-01
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| Series: | KDI Journal of Economic Policy |
| Online Access: | https://doi.org/10.23895/kdijep.1991.13.2.129 |