The concept of efficiency and its application to proprietary information

Mark Casson

Chapter 2 in Alternatives to the Multinational Enterprise, 1979, pp 31-44 from Palgrave Macmillan

Abstract: Abstract This chapter begins by summarising economists’ insights into the nature of efficient resource allocation. Section 2.2 introduces the concept of Pareto-efficiency and describes the role of prices in the coordination of economic activities. Section 2.3 considers the use of discriminatory pricing to achieve efficient allocation under increasing returns to scale.

Keywords: Marginal Cost; Price Discrimination; Marginal Benefit; Multinational Enterprise; Uniform Price (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-04645-4_2

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DOI: 10.1007/978-1-349-04645-4_2

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