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Postcode Lotteries

Research output: Contribution to Journal/MagazineJournal articlepeer-review

<mark>Journal publication date</mark>10/2010
<mark>Journal</mark>Economic Affairs
Issue number3
Number of pages3
Pages (from-to)90-92
Publication StatusPublished
<mark>Original language</mark>English


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.