Efficient and Competitive Rationing

DOI10.2307/1912571MaRDI QIDQ3818773zbMATH OpenOpenAlexFDO

Authors Robert Wilson

Publication date 1989

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://semanticscholar.org/paper/8032e96b604d12bb5422d5abc2fd046f47a44cc1

zbMATH Keywords

price dispersionPriority serviceproduct differentiationRationing

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Queues and service in operations research (90B22) Microeconomic theory (price theory and economic markets) (91B24)

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Cited in

(17)

• Competition among sellers who offer auctions instead of prices
• The optimal mechanism for selling to a budget-constrained buyer
• Optimal priority pricing by a durable goods monopolist
• Mechanism design with a restricted action space
• Nonlinear pricing with finite information
• Communication and efficiency in auctions
• The choice of the number of varieties: justifying simple mechanisms
• Priority Rules and Other Asymmetric Rationing Methods
• Generalized coarse matching
• Rationing, Queues, and Black Markets
• Coarse matching with incomplete information
• Limits of exact equilibria for capacity constrained sellers with costly search.
• Assortative matching by lottery contests
• Generalized welfare lower bounds and strategyproofness in sequencing problems
• Pareto improvements in the contest for college admissions
• Priority search with outside options
• Optimal sales to users who hold inventory

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