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The signalling, incentive and rationing functions of price

Policy responses to rising energy prices​​​​​​​In response to the rising price of gas in the last 12 months in Europe, governments across the continent have put into place a series of policy interventions to protect consumers and businesses from surging energy costs. The price of gas has increased by around 300% in the last year due to an increase in the world demand for gas and because of the Russia Ukraine...

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