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Dynamic Shortages and Price Rises: The Engineer-Scientist Case

Kenneth J. Arrow and William M. Capron
The Quarterly Journal of Economics
Vol. 73, No. 2 (May, 1959), pp. 292-308
Published by: Oxford University Press
Stable URL: http://www.jstor.org/stable/1883726
Page Count: 17
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Dynamic Shortages and Price Rises: The Engineer-Scientist Case
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Abstract

Introduction, 292.--I. Shortages and price rises, 293.--II. Empirical evidence of a shortage in the engineer-scientist market, 296.--III. The process of adjustment in the market, 297.--IV. A model of dynamic shortages and price rises, 299.--V. Dynamic shortage in the engineer-scientist market, 302.--VI. Alternate definitions of a shortage, 305.--VII. Conclusion, 307

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