A Note on Decentralizability in Consumer Demand Models with Quantity Rationing

Sneessens, Henri
(1985) Economics Letters — Vol. 17, n° 3, p. 297-301 (1985)

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  • Sneessens, HenriUCLouvain
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Abstract
It is shown that in a context of quantity rationing, it is not always possible to decentralize the consumer's intertemporal behavior in a sequence of atemporal, static optimization programs. Whether or not decentralizability holds crucially depends on the perceived rationing scheme.
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  • Université Catholique de LilleFaculté Libre des Sciences Economiques
  • Institution iconUCLouvainAutre

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Sneessens, H. (1985). A Note on Decentralizability in Consumer Demand Models with Quantity Rationing. Economics Letters, 17(3), 297-301. https://doi.org/10.1016/0165-1765(85)90221-6 (Original work published 1985)