condition that aprice will be on its upper or lower bound in case of rationing. Therefore we introduce a moregeneral equilibrium … concept, called Quantity Constrained Equilibrium (QCE). At such an equilibriumthe levels of supply and demand rationing are … not being rationed, and also a generalizedsupply-constrained equilibrium without demand rationing. We apply this main …

equilibrated by means of quantity rationing on demand and supply. Keeping markets in equilibrium through rationing, we provide an … adjustment process in prices and quantities converging from a trivial equilibrium with complete demand rationing on all non … increased. Rationing schemes are adjusted to keep markets in equilibrium. Doing so the process reaches a short run equilibrium …

ascending auction with rationing that yields a constrained Walrasian equilibrium outcome. The auctioneer starts with the lower …

infinitely fast to their equilibrium values.In case of price restrictions a general equilibrium may not exist and rationing on … rationed simultaneously and there is rationing on the net supply or net demand of a good only if the price of that good is on … rationing schemes be determined by the components of a vector being a direction in which the prices are restricted to move …

condition that a price will be on its upper or lower bound in case of rationing. Therefore we introduce a more general … rationing are completely determined by the components of a direction in which the price system cannot be moved further without … rationing. We apply this main result to several special cases, including the case of an unbounded set of admissible prices. …

condition that aprice will be on its upper or lower bound in case of rationing. Therefore we introduce a moregeneral equilibrium … concept, called Quantity Constrained Equilibrium (QCE). At such an equilibriumthe levels of supply and demand rationing are … not being rationed, and also a generalizedsupply-constrained equilibrium without demand rationing. We apply this main …