Multi-Partial Equilibrium Analysis
• John Vandivier
Opposite goods: Eg simultaneously solve for demand for abortion policy and demand for no abortion policy
- No abortion can extend left into negative Q, or
- No abortion can extend downward into negative P, or
- No abortion can be represented as an opportunity cost in the price of supply (legislator is cost the support of opposition) and/or an external social cost
- Abortion policy has a Q because 0 and 1, but then there are infinite intermediary positions (eg Roe vs Wade is such a position where sometimes legal, 2 trimester rule, there could be a 1 trimester rule, 1.2, etc)