Econometrica: Sep 1973, Volume 41, Issue 5

Non-Price Rationing of Intermediate Goods in Centrally Planned Economies

https://doi.org/0012-9682(197309)41:5<829:NROIGI>2.0.CO;2-6
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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