Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Postcode Lotteries
AU - Steele, Gerald
PY - 2010/10
Y1 - 2010/10
N2 - 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.
AB - 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.
KW - Competition
KW - innovation
KW - law of one price
KW - National Health Service
KW - socialism
U2 - 10.1111/j.1468-0270.2010.02031.x
DO - 10.1111/j.1468-0270.2010.02031.x
M3 - Journal article
VL - 30
SP - 90
EP - 92
JO - Economic Affairs
JF - Economic Affairs
SN - 0265-0665
IS - 3
ER -