Efficiency of Allocation

Takashi Hayashi ()
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Takashi Hayashi: University of Glasgow

Chapter Chapter 12 in Microeconomic Theory for the Social Sciences, 2021, pp 171-178 from Springer

Abstract: Abstract Now, is the competitive market (if it really exists) a “good” way of resource allocation? Of course it depends on what we mean by “good.”

Date: 2021
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DOI: 10.1007/978-981-16-3541-0_12

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