[quote=scaredyclassic]it does seem like there is a difference between a new subsidy, and one that’s been in place a long time.
a subsidy that’s been in place a long time isn’t going to affect behavior, except int he sense that people fear its removal, since as noted above it has already been reflected in market price for the item.
a new subsidy is a different story.
maybe there needs to be different terms for each type of subsidy.[/quote]
