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 …

macroeconomics laboratory experiment that investigates the effects of alternative rationing schemes on economic stability ….e., property rights) schemes are compared. Production volatility is the lowest under a priority rationing rule and is significantly … is the opportunity for and perception of free-riding. At the individual level, rationing in the output market leads …

excess demand and uneven access. The latter is crucial for policy makers. Is rationing to be blamed for the …