Bennett, John; Boycko, Maxim - In: Journal of Money, Credit and Banking 27 (1995) 3, pp. 907-19
A simple macroeconomic model of a reforming socialist economy is presented with queuing in period one but market-clearing prices in period two. If queues grow longer, each household chooses to save more, not because it is 'forced' but to economize on queuing effort. For the benchmark case...