Common resources may be managed with inefficient policies for the sake of equity. We study how rationing the commons … shapes the efficiency and equity of resource use, in the context of agricultural groundwater use in Rajasthan, India. We find … that rationing binds on input use, such that farmers, despite trivial prices for water extraction, use roughly the socially …

This paper investigates whether the minimum wage leads to inefficient job rationing. By not allowing wages to clear the … rationing by examining whether the reservation wages of employed unskilled workers in states where the 1990-1991 federal minimum …