An efficiency and welfare classification of rationing by waiting in the presence of bribery

• 成果类型: Article; Proceedings Paper
• 署名作者: Kulshreshtha, Praveen
• 署名单位: Indian Institute of Technology System (IIT System); Indian Institute of Technology (IIT) - Roorkee
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2006.04.007
• 发表日期: 2007
• 页码: 530-548
• 关键词: Allocative efficiency; BRIBERY; dual pricing; rationing by waiting; social welfare

摘要

Governments often allocate commodities at low prices and on a first-come-first-served basis (rationing by waiting), while bureaucrats who distribute the commodities usually take bribes. A model is developed to classify the efficiency implications of bribery, and socially optimal pricing schemes in rationing by waiting. If the rationed good and individual income spent on other goods ('other' income) are 'complements', then bribery may enhance allocative efficiency, and a 'dual pricing' scheme can augment social welfare. However, if the rationed commodity and 'other' income are 'substitutes', then bribery may not improve allocative efficiency, and distributing the rationed commodity free is socially optimal. (c) 2006 Elsevier B.V. All rights reserved.