首页> 外文期刊>Journal of institutional economics >Rationing by racing and the Oklahoma land rushes
【24h】

Rationing by racing and the Oklahoma land rushes

机译:赛车配给和俄克拉荷马州土地抢购

获取原文
获取原文并翻译 | 示例
           

摘要

Yoram Barzel was always aware that competition is ubiquitous and takes many forms, and he was among the first to analyze settings where individuals compete on the basis of time, rather than price. This paper applies his insights to study the Oklahoma land rushes, where thousands of individuals raced to establish property rights to land. A simple modification of Barzel's analysis generates a model of rationing by racing, and we test its predictions using new data on the timing and location of over 73,000 homestead claims within the five distinct land rushes and one lottery. We find that increases in land quality or decreases in the cost of racing generate corresponding increases in the equilibrium speed, implying that potential rents are dissipated by investments in speed. The analysis highlights the lasting significance of Barzel's insights regarding non-price competition.
机译:约拉姆·巴泽尔(Yoram Barzel)始终意识到竞争无处不在,并采取多种形式,他是最早分析个人基于时间而非价格进行竞争的环境的人之一。本文运用他的见解来研究俄克拉荷马州的土地抢劫案,那里成千上万的人竞相建立土地所有权。对Barzel分析的一个简单修改就生成了一个通过竞赛进行配给的模型,我们使用有关五个不同的土地争夺战和一张彩票中超过73,000个宅基地索偿的时间和位置的新数据来检验其预测。我们发现,土地质量的提高或竞速成本的降低会导致平衡速度的相应提高,这意味着潜在的租金将通过速度投资而消散。该分析突出了Barzel关于非价格竞争的见解的持久意义。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号