Priority service contracts revolutionize efficiency and competition in markets.
The article discusses priority service contracts, which determine the order in which customers are served. It shows how these contracts can encourage customers to choose efficient service orders. The research also explores how state enterprises can organize markets to implement priority service effectively. Additionally, it highlights the importance of having many firms in competitive markets to ensure allocative efficiency. Overall, the study suggests that using priority service contracts can lead to efficiency gains and better product diversity in markets.