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Buying Frenzies

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Author Info
Pascal Courty

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Abstract

I extend DeGraba's model of buying frenzies. I identify conditions under which buying frenzies are the only possible equilibrium and under which rationing occurs in equilibrium

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File URL: http://cadmus.iue.it/dspace/bitstream/1814/3935/1/ECO2005-27.pdf
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Publisher Info
Paper provided by European University Institute in its series Economics Working Papers with number ECO2005/27.

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Date of creation: 2005
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Handle: RePEc:eui:euiwps:eco2005/27

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Related research
Keywords: Buying Frenzy; Rationing;

Find related papers by JEL classification:
D21 - Microeconomics - - Production and Organizations - - - Firm Behavior
D42 - Microeconomics - - Market Structure and Pricing - - - Monopoly
D45 - Microeconomics - - Market Structure and Pricing - - - Rationing; Licensing

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This page was last updated on 2009-12-8.

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