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The first goal of the present work focuses on the need for different rationing methods of the The Global Change and … contains a variety of rationing methods to be ap- plied to micro-economic disequilibrium models of the lagom model family. This … toolbox consists of well known rationing methods, and of rationing methods provided specifically for lagom. To ensure an easy …
Persistent link: https://www.econbiz.de/10009449065
Many retailers find it useful to partition customers into multiple classes based on certain characteristics. We consider the case in which customers are primarily distinguished by whether they are willing to wait for backordered demand. A firm that faces demand from customers that are...
Persistent link: https://www.econbiz.de/10009441307
This study tests the theory of rationing, examining changes in household consumption behavior during the transition to … sets of results are compared, the impacts of rationing are consistent with the theory. Own-price elasticities for … a market economy in Poland, 1987–92. A model of consumption under rationing is developed and fitted to prereform …
Persistent link: https://www.econbiz.de/10009443053
Health policy will be a major issue in Britain's next general election. The Labour government is committed to a substantial increase in funds for the National Health Service (NHS) and has eliminated tax relief for private health insurance. The Conservative Opposition party favors subsidizing...
Persistent link: https://www.econbiz.de/10009446672
Restructuring the electricity market may secure efficiencies by moving away from cost-of-service regulation, with typically (but not necessarily) time-invariant prices, and allowing prices to reflect how costs change. Charging "real time" prices requires that electricity use be measured...
Persistent link: https://www.econbiz.de/10009446679
is market-clearing. The other feasible trading institutions lead to rationing. To learn on which trading institutions to … the choice of institutions, market outcomes are determined by an equilibrium concept that allows for rationing. We find … that full coordination on the market-clearing institutions without any rationing is a stochastically stable outcome …
Persistent link: https://www.econbiz.de/10009471753
are significantly less expensive and less effective. If financial constraints were to lead to rationing of defibrillators …
Persistent link: https://www.econbiz.de/10009477017
equity trading system operated by the German stock exchange. The trading principles are embedded into the classical theory of … quantity rationing. The properties of Xetra auctions are investigated and possibilities to improve the auction mechanism are …
Persistent link: https://www.econbiz.de/10009452510
discount factor converges to one, in contrast to the Coase conjecture. We also show that rationing the good is never optimal …
Persistent link: https://www.econbiz.de/10009455292
Presents basic theory and applications of consumer and producer behavior and welfare analysis at an intermediate level …. Emphasizes applications, including the measurement of productivity, rationing, insurance markets, and intertemporal behavior … theory and applications of consumer and producer behavior and welfare analysis at an intermediate level. In addition to …
Persistent link: https://www.econbiz.de/10009432486