TY - JOUR ID - 30864 TI - Administrative rationing and multiple equilibria JO - Iranian Economic Review JA - IER LA - en SN - 1026-6542 Y1 - 2002 PY - 2002 VL - 6 IS - 6 SP - 37 EP - 63 DO - 10.22059/ier.2002.30864 N2 - In this paper, we introduce non-interest profit/loss sharing (PLS) banks into a three-period overlapping generations model. Two types, (low- and high quality) investments are assumed and capital accumulation and level of output in the steady state is considered. Then, administrative rationing is introduced to the model. It is shown that the level of capital accumulation and output in equilibrium are lower compared to the market solution. UR - https://ier.ut.ac.ir/article_30864.html L1 - https://ier.ut.ac.ir/article_30864_f28b990bd4c248155cbf976877ca6cd4.pdf ER -