Managing Congestion: Economics of Price
β
G.N. Kerr
π
Article
π
1995
π
Elsevier Science
π
English
β 174 KB
It is not uncommon for the carrying capacity for congestible facilities to be estimated before the allocation method is known. This paper shows how efficient capacity differs between two competing resource allocation mechanisms, one which is efficient (price) and one which is fair (lottery). The wel