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Your search for "efficient allocation" over the article keywords returned 22 results.

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1. fair allocation

We survey the theory of equity in a variety of concretely specified resource allocation models: classical economies with private goods, economies with ...

By William Thomson. From The New Palgrave Dictionary of Economics, Second Edition, 2008

2. teams

A team consists of a number of decision-makers, with common interests and beliefs, but controlling different decision variables and basing their decisions ...

By Roy Radner. From The New Palgrave Dictionary of Economics, Second Edition, 2008

3. search models of unemployment

Unemployment, as it is conventionally defined, is a measure of full-time job search. Individuals generally have the option of allocating their time across ...

By David Andolfatto. From The New Palgrave Dictionary of Economics, Second Edition, 2008

4. Lindahl equilibrium

Lindahl equilibrium embodies a market solution to the problem of providing public goods. Each individual faces personalized prices at which he or she ...

By John Roberts. From The New Palgrave Dictionary of Economics, Second Edition, 2008

5. resale markets

Resale markets are necessary to correct misallocations of assets, but do they always ensure that goods end up in the hands of those who value them most? ...

By Philippe Jehiel. From The New Palgrave Dictionary of Economics, Second Edition, 2008

6. Senior, Nassau William (1790–1864)

Early 19th-century English political economists divided on method. Some, Senior among them, favoured Smith's approach: observe behaviour ...

By N. De Marchi. From The New Palgrave Dictionary of Economics, Second Edition, 2008

7. search theory (new perspectives)

This article reviews the recent development of search theory. We begin with a standard model of undirected (or random) search and illustrate that the ...

By Shouyong Shi. From The New Palgrave Dictionary of Economics, Second Edition, 2008

8. local public finance

The mobility of consumers and producers in response to fiscal incentives gives the study of local public finance its distinctive character. Households ...

By John M. Quigley. From The New Palgrave Dictionary of Economics, Second Edition, 2008

9. credit rationing

Credit rationing – a situation in which lenders are unwilling to advance additional funds to borrowers at the prevailing market interest rate – is now ...

By Charles W. Calomiris and Stanley D. Longhofer. From The New Palgrave Dictionary of Economics, Second Edition, 2008

10. Coase theorem

The Coase Theorem holds that, regardless of the initial allocation of property rights and choice of remedial protection, the market will determine ultimate ...

By Francesco Parisi. From The New Palgrave Dictionary of Economics, Second Edition, 2008