Showing 1 - 3 of 3
Many scarce public resources are allocated at below-market-clearing prices, and sometimes for free. Such "non-market" mechanisms necessarily sacrifice some surplus, yet they can potentially improve equity. In this paper, we develop a model of mechanism design with redistributive concerns. Agents...
Persistent link: https://www.econbiz.de/10012833161
Persistent link: https://www.econbiz.de/10014528121
Persistent link: https://www.econbiz.de/10014633519