✦ LIBER ✦

The economic analysis of lotteries

✍ Scribed by Ian Walker

Book ID: 108558915
Publisher: John Wiley and Sons
Year: 1998
Tongue: English
Weight: 453 KB
Volume: 13
Category: Article
ISSN: 0266-4658
DOI: 10.1111/1468-0327.00036

No coin nor oath required. For personal study only.

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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