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Stochastic market equilibria with efficient rationing with an application to the Dutch housing market

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  • Rouwendal, J.

    (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics)

Abstract

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Suggested Citation

  • Rouwendal, J., 1990. "Stochastic market equilibria with efficient rationing with an application to the Dutch housing market," Serie Research Memoranda 0030, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
  • Handle: RePEc:vua:wpaper:1990-30
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    File URL: http://degree.ubvu.vu.nl/repec/vua/wpaper/pdf/19900030.pdf
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    References listed on IDEAS

    as
    1. Weibull, Jorgen W, 1983. " A Dynamic Model of Trade Frictions and Disequilibrium in the Housing Market," Scandinavian Journal of Economics, Wiley Blackwell, vol. 85(3), pages 373-392.
    2. Jean-Pascal Benassy, 1975. "Neo-Keynesian Disequilibrium Theory in a Monetary Economy," Review of Economic Studies, Oxford University Press, vol. 42(4), pages 503-523.
    3. Alexeev, Michael V, 1988. "Market vs. Rationing: The Case of Soviet Housing," The Review of Economics and Statistics, MIT Press, vol. 70(3), pages 414-420, August.
    4. Gyourko, Joseph & Linneman, Peter, 1989. "Equity and efficiency aspects of rent control: An empirical study of New York City," Journal of Urban Economics, Elsevier, vol. 26(1), pages 54-74, July.
    5. Dreze, Jacques H, 1975. "Existence of an Exchange Equilibrium under Price Rigidities," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 16(2), pages 301-320, June.
    6. Martin L. Weitzman, 1977. "Is the Price System or Rationing More Effective in Getting a Commodity to Those Who Need It Most?," Bell Journal of Economics, The RAND Corporation, vol. 8(2), pages 517-524, Autumn.
    7. Kornai, Janos & Weibull, Jorgen W, 1978. " The Normal State of the Market in a Shortage Economy: A Queue Model," Scandinavian Journal of Economics, Wiley Blackwell, vol. 80(4), pages 375-398.
    8. Stahl, Dale II & Alexeev, Michael, 1985. "The influence of black markets on a queue-rationed centrally planned economy," Journal of Economic Theory, Elsevier, vol. 35(2), pages 234-250, August.
    9. Linneman, Peter, 1987. "The effect of rent control on the distribution of income among New York City renters," Journal of Urban Economics, Elsevier, vol. 22(1), pages 14-34, July.
    10. Smith, Tony E., 1988. "Price equilibria for markets with supply rigidities and demand heterogeneity," Regional Science and Urban Economics, Elsevier, vol. 18(1), pages 165-197, February.
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