Buying Frenzies

I extend DeGraba's model of buying frenzies. I identify conditions under which buying frenzies are the only possible equilibrium and under which rationing occurs in equilibrium

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Year of publication:	2005
Authors:	Courty, Pascal
Institutions:	Department of Economics, European University Institute
Subject:	Buying Frenzy \| Rationing

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Series:	Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series European University Institute Working Papers Number ECO2005/27
Classification:	D21 - Firm Behavior ; D42 - Monopoly ; D45 - Rationing; Licensing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005076086