Demand uncertainty, incomplete markets, and the optimality of rationing

DOI10.1006/JETH.1996.0093zbMATH Open0866.90052OpenAlexW2007169630MaRDI QIDQ2365331FDOQ2365331

Authors James Peck 

Publication date 23 February 1997

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1006/jeth.1996.0093

zbMATH Keywords

Walrasian spot-market clearing

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

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• Rationing, bargaining, and voting in 2-sided markets
• When too little is as good as nothing at all: rationing a disposable good among satiable people with acceptance thresholds
• A model of access in the absence of markets
• Title not available (Why is no real title available?)
• On the foundations of stochastic non-price rationing and the adjustment of prices
• Rationed and Walrasian markets for the same good: a rational expectations determination of the relative prices
• The influence of black markets on a queue-rationed centrally planned economy
• Too much waste, not enough rationing: the failure of stochastic, competitive markets
• On the satisfaction of peak demand in the certainty case
• Efficient and Competitive Rationing
• On the theory of effective demand under stochastic rationing

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