NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The Dynamic Efficiency in Resource Allocation: Evidence from Vehicle License Lotteries in Beijing

Youming Liu, Shanjun Li, Caixia Shen

NBER Working Paper No. 26904
Issued in March 2020

---- Acknowledgments ----

The authors thank Yonghong An, Panle Jia Barwick and especially Marc Rysman for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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