The influence of black markets on a queue-rationed centrally planned economy

DOI10.1016/0022-0531(85)90042-0zbMath0573.90019OpenAlexW2095133001MaRDI QIDQ1062891

Michael Alexeev, Dale O. II Stahl

Publication date: 1985

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(85)90042-0

zbMATH Keywords

black marketcentrally planned economiesequilibrium of waiting timeswaiting line queues

Mathematics Subject Classification ID

Trade models (91B60)

Related Items (5)

A price adjustment process in a rationed economy ⋮ A note on privileges in a queue-rationed CPE with black markets ⋮ Rationed and Walrasian markets for the same good: a rational expectations determination of the relative prices ⋮ Equilibrated states and optimal allocations of resources under rigid prices ⋮ Queue-rationed equilibria with fixed costs of waiting

Cites Work

• Optimality properties of rationing schemes
• The “second economy” and resource allocation under central planning
• On Non-Walrasian Equilibria
• Existence of an Exchange Equilibrium under Price Rigidities

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