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Excess Demand and Rationing: Selling to an Input

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  • Lutz-Alexander Busch

    ()
    (University of Waterloo)

  • Phil Curry

    ()
    (Simon Fraser University)

Abstract

This paper develops a model that explains the persistence of excess demand for some goods. It offers that, for some goods, consumers care about who else is consuming the good. As such, their willingness to pay depends on their beliefs about the other consumers. We demonstrate that screening mechanisms that impose costs in negative correlation to an individual's (positive) externality can increase profits while appearing to generate excess demand. We feel that such a model is appropriate in that casual observation seems to indicate that it does well in predicting which goods would use such a screening mechanism and which would not.

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File URL: http://www.sfu.ca/econ-research/RePEc/sfu/sfudps/dp07-11.pdf
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Bibliographic Info

Paper provided by Department of Economics, Simon Fraser University in its series Discussion Papers with number dp07-11.

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Length: 17
Date of creation: Jun 2007
Date of revision:
Handle: RePEc:sfu:sfudps:dp07-11

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Postal: Department of Economics, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6, Canada
Phone: (778)782-3508
Fax: (778)782-5944
Web page: http://www.sfu.ca/economics.html
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Postal: Working Paper Coordinator, Department of Economics, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6, Canada
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Web: http://www.sfu.ca/economics/research/publications.html

Related research

Keywords: excess demand; distributional waits; scalping; pricing;

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