Allocation of goods through non-price mechanisms: evidence on distribution by willingness to wait
This paper discusses a model of market clearing when prices are rigid. The estimated model is one in which the waiting time necessary to obtain the scarce goods brings the excess demand in line with current supply in a manner of a flexible price. The mechanism of such a market has been discussed by...
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| Format: | Journal Article |
| Language: | Inglés |
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Elsevier
1987
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| Online Access: | https://hdl.handle.net/10568/170603 |
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