Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed.
William Vickrey Quotes
The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure.
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William Vickrey (19)
Birth: | 21st June, 1914 |
Death: | 11th October, 1996 |
Nationality: | Canadian |
Profession: | Economist |
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