Angry Bear wanted a complex answer, and I don't have one. All I have is the simple, basic mathematical formulation for libertarians. OK, are you ready? Here is is, hold the applause line:
Libertarian theory says buyers do not want queues for goods with more than three people. Sellers do not like queues of zero.
Surprised? Not me, I went through the math. The basic formula works with Kling's Patterns of Sustainable Trade. The only question is whether the three people should be two.
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