Preferences in distributing scarce goods

Article Abstract:

Preferences for a market or regulatory system are not only affected by economic upbringing or current practice. A survey composed of samples taken from New Zealand and Germany reveals that particular forms of regulation, specially those related to identification of merit or the implementation of the first come, first serve principle, are usually viewed very favorably. The survey also reveals that there is a general preference towards distribution according to merit.

Analysis, Economic research

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Perceiving luxury and necessity

Article Abstract:

A correlation exists between people's perceptions of luxury and the economic concept of price elasticity. A good tends to be regarded as more luxurious if it happens to be an object of desire rather than one which relieves a state of discomfort. Also, a good's luxury rating exhibits a stronger correlationship with preference for distributing the good via the market than distribution regulation when the good encounters a short supply.

Psychological aspects, Consumer behavior, Luxuries

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Preferences for distributing goods in times of shortage

Article Abstract:

A study was conducted to determine whether consumers prefer scarce goods to be allocated through the market or regulation. Results show that distribution preferences are determined by the nature of the shortage. These include whether the shortage affected people's health, number of people affected by the shortage and the duration of the shortage. Regulation is preferred when the scarcity can lead to outrage if prices are increased.

Resource allocation

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