THE COEFFICIENT OF RESOURCE UTILIZATION,

Abstract

A numerical evaluation of the 'dead loss' associated with a nonoptimal situation (in the Pareto sense) of an economic system is sought. Use is made of the intrinsic price systems associated with optimal situations of whose existence a noncalculus proof is given. A coefficient of resource-utilization yielding measures of the efficiency of the economy is introduced. The treatment is based on vector set properties in the commodity space. (Author)

Document Details

Document Type
Technical Report
Publication Date
Apr 01, 1951
Accession Number
AD0603914

Entities

People

  • Gerard Debreu

Organizations

  • RAND Corporation

Tags

DTIC Thesaurus Topics

  • Coefficients
  • Commerce
  • Commodities
  • Economic Systems
  • Efficiency
  • Test And Evaluation

Readers

  • Life Cycle Cost Analysis
  • Operations Research
  • Structural Dynamics.

Technology Areas

  • Space