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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
This paper analyzes Jon Elster's work on local justice. The topic of local justice is rationing: the decentralized in …
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
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
Persistent link: https://www.econbiz.de/10011652480
During World War II the United States rapidly transformed its economy to cope with a wide range of scarcities, such as shortfalls in the amounts of ocean shipping, aluminum, rubber, and other raw materials needed for the war effort. This paper explores the mobilization to see whether it provides...
Persistent link: https://www.econbiz.de/10011687925
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
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 …
Persistent link: https://www.econbiz.de/10010268484
eventually, food rationing, that were introduced in Britain during the First World War. At the end of the War the Sumner …
Persistent link: https://www.econbiz.de/10010278730