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.
Critical Distribution System
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abstract
Distribution crises are manifested by a great discrepancy between the demand and the supply of a critically important good, for a period of time. In this paper, we suggest a hybrid market mechanism for minimising the negative consequences of sudden distribution crises.
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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.