Questions tagged [resource-allocation]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
-1
votes
1answer
76 views

What is the latest thinking on the economic calculation problem? [closed]

Eric Posner and Glen Weyl write in the epilogue of Radical Markets (2018) that they “remain confident that for at least a few generations markets – Radical Markets, that is – will remain the best ...
-4
votes
1answer
28 views

What is the distributional impact of monopoly pricing on consumers?

Hi there, In the example above, a monopolist sets the price for ice-creams at Pm. The instructor then states that the rectangle B is transferred to the monopolist. What is meant by the rectangle ...
1
vote
1answer
44 views

Is there still allocative efficiency when a subsidy is placed on a good?

An answer schedule for a practice exam I am doing states that when a subsidy is placed on a a good by the government, there is a loss of allocative efficiency. I have also learnt from this video that ...
-2
votes
1answer
48 views

Is it detrimental if self-interest is not acknowledged in resource allocation situations?

Please note: I am doing a literature survey/review, and I would like references to published work. I contend that if we are dealing with a resource allocation mechanism that allocates scarce ...