THE WELFARE COSTS OF RATIONING BY WAITING

THE WELFARE COSTS OF RATIONING BY WAITING
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DOI:
10.1111/j.1465-7295.1989.tb00777.x
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发表时间:
1989-04-01
期刊:
影响因子:
1.8
通讯作者:
SONSTELIE, J
SONSTELIE, J
中科院分区:
经济学4区
文献类型:
--
作者:
DEACON, RT;SONSTELIE, J

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在价格控制和等待配给的情况下,理性的消费者会增加每次购买的数量。这种个人理性的反应是社会的浪费,其成本是无谓的损失。这个成本加上排队花费的时间价值可能超过价格控制从供应商转移到消费者的总租金;即,为争夺租金而花费的资源的价值可能超过租金本身。这一点说明了一个汽油价格控制的实证应用。据估计,寻租占转移租金的116%。
With price controls and rationing by waiting, rational consumers increase the quantity bought per purchase. This individually rational response is socially wasteful and the cost of making it is a deadweight loss. This cost plus the value of time spent in queues may exceed the total rent transferred from suppliers to consumers by price controls; i.e., the value of resources spent competing for the rent may exceed the rent itself. This point is illustrated by an empirical application to gasoline price controls. Rent seeking exhausts an estimated 116 percent of the rent transferred.