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rationing the supply of the goods. This article compares the efficiency of these institutions. We report the results of a 2x2 … introduce either taxation or rationing. Each treatment is subjected to two conditions: the burden of the deficit is either …-riding. Individualized taxation brings the voluntary contributions closer to the optimum while uniform rationing appears to be the worst …
Persistent link: https://www.econbiz.de/10010268361
Untersuchung ist zweigeteilt. Der erste Teil rekonstruiert Elsters Beiträge zu einer Theorie lokaler Gerechtigkeit. Der zweite Teil … betreffen zum einen den Erklärungsgehalt seiner Analysen ((4)). Sie betreffen zum anderen den normativen Ertrag seiner Theorie … lokaler Gerechtigkeit für eine allgemeine Theorie sozialer Gerechtigkeit ((5)). Der Beitrag endet mit einer abschließenden …
Persistent link: https://www.econbiz.de/10011733749
rationing of excessive demand is not optimal. It describes the characteristics that rationing of excessive demand has to imply …
Persistent link: https://www.econbiz.de/10010319292
This paper explored the determinants of survival in a life and death situation created by an external and unpredictable shock. We are interested to see whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural...
Persistent link: https://www.econbiz.de/10010264458
The sinking of the Titanic in April 1912 took the lives of 68 percent of the people aboard. Who survived? It was women and children who had a higher probability of being saved, not men. Likewise, people traveling in first class had a better chance of survival than those in second and third...
Persistent link: https://www.econbiz.de/10010264561
The paper deals with causes and consequences of constraints on the adjustment of employment. First, a model of a delayed adjustment of employment and capital is worked out. This model is augmented with linear constraints on the adjustment speed of labour supply and demand. The aggregate model is...
Persistent link: https://www.econbiz.de/10010332061
Ergebnis ergibt sich, daß explizite Rationierung der impliziten vorzuziehen ist und die Rationierungen möglichst ex ante auf … Rationierungen auf der Makro-Ebene den bestehenden Trade-off zwischen schwacher und starker Rationierung verschärfen. …
Persistent link: https://www.econbiz.de/10010319307
monopoly, analysing questions of introductory pricing and quantity rationing. The model suggests that neither of these two …
Persistent link: https://www.econbiz.de/10010292742
The fixed rate tender is one of the main procedural formats relied upon by central banks in their implementation of monetary policy. This fact stands in a somewhat puzzling contrast to the prevalent view in the theoretical literature that the procedure, by fixing interest rate and quantity at...
Persistent link: https://www.econbiz.de/10011604600
In this paper an inventory model with several demand classes, prioritised according to importance, is analysed. We consider a lot-for-lot or (S-1,S) inventory model with lost sales.For each demand class there is a critical stock level at and below which demand from that class is not satisfied...
Persistent link: https://www.econbiz.de/10010324574