ON DIFFERENT METHODS FOR ALLOCATING RESOURCES,

Abstract

The paper discusses the various means of allocating resources within an economy. The following eight processes appear to be the major means for the allocation of resources: the economic market with a price system; voting procedures, bidding; bargaining; allocation by higher authority, fiat or dictatorship; allocation by force, fraud and deceit; allocation by custom, including gifts and inheritance; and allocation by chance.

Document Details

Document Type
Technical Report
Publication Date
Jul 01, 1969
Accession Number
AD0691864

Entities

People

  • Martin Shubik

Organizations

  • RAND Corporation

Tags

DTIC Thesaurus Topics

  • Bargaining
  • Dictatorship
  • Negotiations

Fields of Study

  • Economics

Readers

  • Database Systems and Applications
  • Defense Financial Management and Audit.
  • Game Theory.