Questions tagged [resource-allocation]
The resource-allocation tag has no usage guidance.
8
questions
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It is true that in a monopoly there is allocative inefficiency because the firm makes positive profits at equilibrium? [closed]
I believe that the statement is false because the condition of positive profits is not in itself a cause of allocative inefficiency. In fact, the same thing takes place under conditions of perfect ...
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votes
0answers
26 views
How do different groups of hunter-gatherers decide which group gets to use which land and resources?
I have seen literature about how hunter-gatherer groups allocate common resources within groups. But I wonder how "common" resources are allocated between groups, i.e. which group gets to ...
6
votes
1answer
109 views
Applications of Optimal Transport in Economics
The 1975 Nobel Prize winner in Economics was Kantorovich who reformulated the optimal transportation theory of Monge and applied it to optimal resource allocation. The Wasserstein distance is central ...
1
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1answer
38 views
The ability of markets and prices to direct resources to higher valued uses: Is this a short run or a long run attribute?
I came across the following quote in a lecture:
"In economics, we often talk about the power of markets and prices to
direct resources to higher valued uses." - Mike Munger
Is this ability ...
1
vote
1answer
102 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 ...
-3
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1answer
74 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
149 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 ...
-1
votes
1answer
52 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 ...
