Question
There are three ways to ration resources outside the price-mechanism: through queues; through lotteries; through coupons. Choose ONE of the above three to ration resources
There are three ways to ration resources outside the price-mechanism: through queues;
through lotteries; through coupons. Choose ONE of the above three to ration resources
A.How does your chosen method address resource allocation?
B.Develop a model in the context of Bangladesh (or your home country) that shows
why your chosen method will be a better option compared to the other two
PART- I:
Let's say you choose coupons. Obviously, you can choose any of the other two,
but you will have to justify (rationalize) your choice.
A.First discuss what are the advantages of coupons over the other two.
B.Then discuss why you think coupons are better in your case study.
C. In doing so, you also need to discuss why coupons will lead to efficiency in your
the model compared to the other two.
PART- II:
The theme is simple. I have chosen coupons. I will explain why I did so in the
context of the problem.
PART -III:
Methodologyyou can answer by telling a story using no graphs, equations,
but it has to have a firm theoretical basis. You can use graphs, equations; or a
combination of both. If you are using any table of data or graph from an external source, please mention the source.
PART -IV:
I want to see how you assimilate the three methods-and how good and
relevant your choice is in the context of your case study.
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