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Postcode Lotteries

Steele, Gerald (2010) Postcode Lotteries. Economic Affairs, 30 (3). pp. 90-92. ISSN 0265-0665

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Abstract

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.

Item Type: Article
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
ID Code: 55021
Deposited By: ep_importer_pure
Deposited On: 13 Jun 2012 11:03
Refereed?: Yes
Published?: Published
Last Modified: 26 Jul 2012 20:33
Identification Number:
URI: http://eprints.lancs.ac.uk/id/eprint/55021

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