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- W67707959 abstract "This paper studies the multiplier effect on production of a given shortage, say energy, in the short run when input substitution is impossible. As the effect of a shortage depends on how the shortage item is allocated, four alternative allocative methods are evaluated through the input-output method. Theoretical results are obtained and numerically illustrated. Then the results are applied to the four U.S. energy sectors to evaluate the effects of an energy shortage when different rationing methods are used. The effect on production is found to be most severe when final users are shielded from the shortage. The markedly different results for different allocative methods indicate the need for extreme caution in devising a viable rationing policy. 2 refs." @default.
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- W67707959 date "1981-01-01" @default.
- W67707959 modified "2023-09-27" @default.
- W67707959 title "Economic interrelatedness and energy-rationing policy" @default.
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