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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 ...
The allocation satisfies the following properties: Envy-free-except-1-item (see envy-free item assignment). (+)-maximin-share-guarantee. Pareto efficiency with respect to the allocated items. I.e, there is no Pareto-improving trade among the agents, but there may be Pareto-improving traders between an agent and the market-maker.
Allocation efficiency occurs when there is an optimal distribution of goods and services, considering consumer's preference. When the price equals marginal cost of production, the allocation efficiency is at the output level. This is because the optimal distribution is achieved when the marginal utility of good equals the marginal cost.
AlphaSimplex specializes in quantitative global macro and global tactical asset allocation strategies, beta-replication products, and absolute-return risk analytics. Lo presented a paper in 2004 at a National Bureau of Economic Research conference, warning of "the rising systematic risk to financial markets and particularly focused on the ...
Download as PDF; Printable version; ... Resource allocation; S. National Strategy for Economic Transformation (Scotland) Six-Year Plan;
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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 .
Competitive equilibrium (also called: Walrasian equilibrium) is a concept of economic equilibrium, introduced by Kenneth Arrow and Gérard Debreu in 1951, [1] appropriate for the analysis of commodity markets with flexible prices and many traders, and serving as the benchmark of efficiency in economic analysis.