Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Home> Econometrica> Issues> Supplemental Materials>Non-Price Rationing of Intermediate Goods in Centrally Planned Economies

Econometrica: Sep, 1973, Volume 41, Issue 5

Non-Price Rationing of Intermediate Goods in Centrally Planned Economies

https://www.jstor.org/stable/1913809
p. 829-852

Michael Manove

How should rule-of-thumb priorities be assigned for the rationing of intermediate goods in an economy marked by shortages and non-scarcity prices? A method is developed for setting these priorities in an optimal way, and the method is applied to Soviet data as an illustration.

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