As we’ll see in the next chapter, making the market operate within a narrow time frame — but without providing something, such as a clearinghouse, that brings order to the market at that time — usually isn’t a good enough solution to the problem of unraveling. It can cause congestion, as when members of an unruly crowd all try to stake their claims at the same time — which can result in a different kind of market failure, when people feel pressed to make offers (and demand replies) too fast rather than too soon.
