(under) overbid the equilibrium strategy when rationing is (high) low, with only this latter effect being persistent over …

rationing of excessive demand is not optimal. It describes the characteristics that rationing of excessive demand has to imply … implementation is offered as well. -- crowdinvesting ; market microstructure ; rationing ; equity ; underpricing ; excessive demand …

present a different solution to the commons problem that has eluded the attention of theorists: access rationing. Access … rationing measures rely not only on restrictions on the number of users but also on a variety of economic, informational, and … technological techniques that can be readily adjusted to changing circumstances. By focusing on the point of entry, access rationing …

Committing to prices that result in rationing may be more profitable than setting market-clearing prices if customers … must make sunk investments to enter the market. Rationing is ex post inefficient, but it gives more surplus to lower …