Questions tagged [resource-allocation]
The resource-allocation tag has no usage guidance.
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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 ...
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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
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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 ...
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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 ...
