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Economic Analysis of Non-Price Rationing With Particular Reference to Petrol

Publication Type:
Occasional Paper 44

Publication Subject(s):

ISBN:
0 642 06794 5

Release Date:
May 1981

A thesis that no longer provokes comment is that domestic fuel supplies are likely to be curtailed suddenly and without warning. An idea less well established, but one that has widespread intuitive appeal, is that non-price rationing can claim to efficiently allocate resources. This idea arises out of the notion that during unexpected fuel shortages, the ability of individuals and firms to adjust might not be related to their contribution to the community's well being.

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