Steele, Gerald (2010) Postcode Lotteries. Economic Affairs, 30 (3). pp. 90-92. ISSN 0265-0665Full text not available from this repository.
Postcode lotteries are meat and drink to journalists. Examples appear limitless and predominantly within state sectors, where they are symptomatic of the ineffectiveness of non-market allocations. With free-market trading, the tendency is for competition to eliminate differences; but that tendency is offset by uneven advances in technologies and provision. As competition eliminates one set of discrepancies, other sets inevitably emerge.
|Journal or Publication Title:||Economic Affairs|
|Uncontrolled Keywords:||Competition ; innovation ; law of one price ; National Health Service ; socialism|
|Subjects:||H Social Sciences > HB Economic Theory|
|Departments:||Lancaster University Management School > Economics|
|Deposited On:||13 Jun 2012 11:03|
|Last Modified:||26 Jul 2012 20:33|
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