ECONOMIC INSTRUCTION - Rationing a "Free" Good: A Classroom Experiment - The author describes a classroom experiment that illustrates the welfare effects of allocating a good on a first-come, first-served basis. Students decide how long to wait in lines for candy. without knowing how much will be distributed or how long others are willing to wait. The supply and demand curves for the candy are ...
| Year of publication: |
2006
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| Authors: | Alden, Lori |
| Published in: |
The journal of economic education. - Philadelphia, Pa : Routledge, ISSN 0022-0485, ZDB-ID 4105357. - Vol. 37.2006, 2, p. 178-186
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