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In economics, the field of public finance deals with three broad areas: macroeconomic stabilization, the distribution of income and wealth, and the allocation of resources. . Much of the study of the allocation of resources is devoted to finding the conditions under which particular mechanisms of resource allocation lead to Pareto efficient outcomes, in which no party's situation can be ...
Cognitive resource theory (CRT) is a leadership theory of industrial and organisational psychology developed by Fred Fiedler and Joe Garcia in 1987 as a reconceptualisation of the Fiedler contingency model. [1] The theory focuses on the influence of the leader's intelligence and experience on their reaction to stress.
In contract theory, ... Resource allocation efficiency includes two aspects: At the macro aspect, it is the allocation efficiency of social resources, which is ...
Residual feed intake (sometimes shortened in literature to RFI) is a resource allocation theory index [clarification needed (what is a "resource allocation theory index"?)] used to calculate the feed efficiency of growing cattle.
Capacity theory is the theoretical approach that pulled researchers from Filter theories with Kahneman's published 1973 study, Attention and Effort positing attention was limited in overall capacity, that a person's ability to perform simultaneous tasks depends on how much "capacity" the jobs require. Further researchers - Johnson and Heinz ...
Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the market mechanism.
Mises and Hayek argued that economic calculation is only possible by information provided through market prices and that centralist methods of allocation lack methods to rationally allocate resources. Mises's analysis centered on price theory while Hayek went with a more feathered analysis of information and entrepreneurship.
Distributive justice concerns the socially just allocation of resources, goods, opportunity in a society.It is concerned with how to allocate resources fairly among members of a society, taking into account factors such as wealth, income, and social status.