Managing congestion: economics of price and lottery rationing.
The writer demonstrates how efficient capacity differs between two competing resource allocation mechanisms, one of which is efficient—price—and one of which is fair—lottery. The welfare theoretic implications of adopting lottery allocation as opposed to price allocation are described from the pers...
| Publicado en: | Journal of Environmental Management Vol. 45; pp. 347 - 365 |
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| Formato: | Artículo |
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Academic Press Inc.
December 1995
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| Acceso en línea: | Ver este registro en EBSCOhost |