In a repeated market where scarce goods require tradable buying rights, a greedy equilibrium cuts asymptotic buyer frustration to at most half of the free-market level.
Southern economic journal (1997), 1084–1093
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Distribution through Repeated Market with Buying Rights
In a repeated market where scarce goods require tradable buying rights, a greedy equilibrium cuts asymptotic buyer frustration to at most half of the free-market level.