Income distribution, efficiency and rationing

被引：0

作者：

Yilmaz, Ensar ^{[1
]}

机构：

[1] Yildiz Tech Univ, Dept Econ, TR-34349 Istanbul, Turkey

来源：

ECONOMIC MODELLING | 2011年 / 28卷 / 03期

关键词：

Income distribution; Efficiency; Rationing; Search; PRICE-COMPETITION; MARKET; INEQUALITY; SEARCH; RISK;

D O I：

10.1016/j.econmod.2011.01.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper studies the impacts of income distribution on the efficiency of trade mechanism and rationing of agents who are priced out of trade in a dynamic search model with two-sided asymmetric information. Buyers and sellers have asymmetric information about valuations and incomes respectively. In such a frictional environment, the effects of several variants of changes in income distribution on efficiency of trading mechanism and the population of rationed buyers and sellers are elaborated. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：1247 / 1255

页数：9

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