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1、ATheoryofRationingbyWaitingYoramBarzelJournalofLawandEconomics,Vol.17,No.1.(Apr.,1974),pp.73-95.StableURL:http://links.jstor.org/sici?sici=0022-2186%28197404%2917%3A1%3C73%3AATORBW%3E2.0.CO%3B2-XJournalofLawandEconomicsiscurrentlypublishedbyTheUniversityofChicagoPress.Your
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6、NINGBYWAITING*YORAMBARZELUniversityofWashingtonWarnlimitedquantitiesofcommoditiesareprovidedfreebythegovern-ment,itisfrequentlyassertedthatnotalldemandissatisfied.Suchcom-moditiesareoftenallocatedonafirst-come-first-servedbasis.Itwillbeshownthatrationingbywaiting,whichisth
7、eeconomiccounterparttofirst-come-first-served,isjustanotherwayto"satisfyalldemand."Themechanicsandtheimplicationsofsuchrationingarethesubjectmatterhere.lComparedwiththepricemechanism,rationingbywaitinggenerallyentailsadifferentresourcecost-thetimespentinthequeue.2Theextent
8、ofthatcost,sometimesdesignated'(dissipationofrent,"willbeexaminedandtheconditionsspecifie
