Questions tagged [resource-allocation]
The resource-allocation tag has no usage guidance.
6
questions
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1answer
80 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 ...
0
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1answer
30 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
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1answer
88 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 ...
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votes
1answer
43 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
51 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
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 ...
