On a Simple Resource-Value Transfer Economy

Abstract

A five-resource, three-good, five-owner-consumer group example of a resource-value transfer economy under the equilibrium interpretation adduced by Charnes and Cooper is studied. A reinterpretation of owner-consumer group size as an index of standard of living is made. The results on the hypothetical example indicate that substantial changes in standard of living, etc. can result from relatively minor changes in total resource valuation if these changes are in critical resources. They further suggest that it may be desirable to extend the model via the Charnes-Cooper extremal principle to better account for relationships between levels of industrial activity and population group sizes.

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Document Details

Document Type
Technical Report
Publication Date
Jul 01, 1974
Accession Number
ADA005906

Entities

People

  • Abraham Charnes
  • J. Rousseau
  • S. Littlechild

Organizations

  • University of Texas at Austin

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Agriculture
  • Availability
  • Business Administration
  • Commerce
  • Consumers
  • Economics
  • Equations
  • Families (Human)
  • Governments
  • Labor
  • Labor Unions
  • Living Standards
  • Money
  • Standards
  • Universities

Readers

  • Operations Research
  • Theoretical Analysis.